Home / Rent and Lease / Tenant / Will monthly rents of houses increase or decrease in 2021?

Will monthly rents of houses increase or decrease in 2021?

Ashwini

211 Views

4 Year

2020-09-02T11:46:46+00:00 2020-11-11T18:38:24+00:00

Comment

Send

Ritu Roy

0 2020-09-03T13:52:55+00:00 September 3, 2020

⤺ Reply

Sorry, you cannot vote on the same answer more than once.

Hello, Looking at the current situation, the rents of the houses in major cities have already gone down. While talking to a friend of mine, I got to know that many landlords have started to quote a lower rental amount compared to the ones before the pandemic. She stays in a 1 BHK apartment in Bangalore and the rent before pandemic for 1 BHK apartment in her area was around 9,500 to 10,000. As many properties are lying vacant, many landlords have been offering a lower rent price. Currently, the rent for a 1 BHK in her area has gone down to 8,000 per month. This condition might prolong for a while until people start moving back to the city. To conclude, I feel, the rent prices in 2021 would decrease a little. If not decreased, it would remain the same, but chances of rental prices increasing quite low. Hope this helped you!