Private home rentals fall again in October...for the 9th consecutive month: SRX

By The Folks @PropTalk - November 12, 2014 No Comments

Rental prices for non-landed private residential units dipped in October, compared to the month before, according to flash estimates from SRX Property. 
Rental for the private homes market dropped 0.9% month-on-month. All three regions - Core Central Region, Rest of Central Region and Outside of Central - saw decrease in rent of 0.7%, 1.1% and 1.5%, respectively.
October marked the ninth consecutive monthly fall in rental prices, and prices have declined 5.1% since the start of the year, SRX stated.
Rental volume also dropped slightly last month, with an estimated 3,208 units rented, representing a 1.3% decrease from September's 3,250 units, the report noted.
Source: CNA


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