pstrongSome experts expect rental growth for the remainder of 2023./strong/p pWith the ongoing interest rate rise, macroeconomic uncertainties, and market supply dynamics, residential property prices experience continuous fluctuation, with minimal quarterly increases and declines.
With the ongoing interest rate rise, macroeconomic uncertainties, and market supply dynamics, residential property prices experience continuous fluctuation, with minimal quarterly increases and declines.
However, CBRE Research expects grade A rents to eventually grow by 1.5%-2.0% for 2023, outpacing GDP growth but slower than the 8.3% rental growth in 2022. SRI noted that a steady influx of new launches is expected to come into the market which will gradually gain momentum particularly in strategically located projects situated in sought-after locations.
“Property prices are likely to stabilise after the high growth over the past two years,” Huttons said.