According to real estate experts at Greycoat, in a recent survey conducted by the Association of Leasehold Enfranchisement Practitioners had some outstanding outcomes. It was found that 80% of people agree that rent bills and their law does need to be reformed.
The reason for this is that in recent months as the mortgage rates spiked, as home values rose, and as more and more people decided their rental properties were worth more, rent has gone way up. As Greycoat specialists add, many feel that rent is so high that they cannot actually afford to rent, even places that they once rented before comfortably.
It has been found that very high rents are not actually increasing the value of the properties, but rather, they are helping to devalue the properties in the eyes of the potential renters. Greycoat real estate agency adds that the governor has found that lesser rent is not only beneficial to renters, but to everyone as well.
Greycoat Real Estate believes that the falling mortgage rates have the solution. Also, that offering more affordable housing makes it possible for these property owners to reduce rent and allow tenants to move into homes that they can actually afford to rent.
As the cost of rental properties is falling and the overall mortgage rates fall as well, it is now possible for more people to buy homes and to move out of the realm of renting and toward home ownership. The rates are falling and it is now more possible than ever to own a home and to get away from renting. Greycoat real estate agency finally states that the mortgage rates are recovering and the market is starting to recover as well making it possible to truly get the home or rental you want.