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GOBankingRates asked a few experts why rent keeps going up around the world, andwhat to expect for 2025.
Schulz pointed out that if inflation remains stable, rental prices will likely continue reflecting these financial pressures.
The main driver behind this was the huge spike in demand post pandemic, shared Hutchinson.
That was especially true in the roommate market, where younger renters moved back in with parents.
Many of these investors expect higher returns, which results in increased rent prices.
Whats in Store for Renting in 2025?
That said, in our experience, rents never fall as quickly as they rise, added Hutchinson.
Schultz and his associates predicted a trend suggesting that rental rates will likely continue increasing through 2025.
However, the pace of this increase may slow down if inflation and interest rates stabilize, cautioned Schultz.
On the other hand, if inflation remains high and supply shortages continue, rental rates could keep rising.
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