For those interested in investing in rental properties, it may not be a good idea to rush into the market.
His comments confirm insights gleaned from public disclosures from listed property funds, which show that tenants struggled to keep up with rent payments after the pandemic-induced restrictions led to job losses or deep pay cuts. “Not all property types and areas are suitable for rentals and if you want to earn favourable rental returns, you need to invest in areas where there is high demand for rentals and some competition among tenants, which will drive up rental rates.”
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