![]() ![]() Some cities are ‘investors’ markets’ having seen strong rental growth, high rents but relatively low capital values. This table illustrates an anomaly which investors and occupiers would do well to note. Rents for the same group of administrative workers and their households in these cities range between US$400 per month in Paris and US$460 in London. London, Chicago, Sydney, Miami, Hong Kong and Paris show very similar mainstream average rents per week, well below those for the five most expensive cities. At US$540 per week rents are now 40% above their 2011 low there and, perhaps surprisingly, higher than the average rent in London (average households incomes are remarkably similar in the two cities). A buoyant domestic economy and constrained sales market during 2017, drove mainstream rents up by 5.6% in Dublin, for example. Strong demand for rentals from a growing population is meeting with limited levels of supply. The story is similar for them and 4th placed Los Angeles. ![]() Dublin and New York are significantly cheaper for mainstream rents than San Francisco but still come joint second in the rental league. ![]()
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