In contrast to the first ‘dip’, strong increases in rents are currently constraining the rise in tenant demand typically seen during recessions. In turn, this is due to a relatively low supply of new rented accommodation, possibly because the creation of a large number of ‘accidental landlords’ at the height of the financial crisis has not been repeated.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services