(Image credit: Fleur Kaan on Unsplash)

In a world where the property market is as unpredictable as the weather, UBS brings a forecast that’s worth paying attention to. The Swiss multinational investment bank has recently stated that Singapore’s housing market has left the overvalued territory, now classifying it as fairly valued.

This shift is significant, marking a moderation in home price growth and an anticipated fall in rents. But what does this mean for the average Singaporean, the eager property investor, or the everyday renter? Let’s dive into the implications and prepare for the changes ahead.

UBS’s expectations: A closer

2. Landlords will continue to sell due to challenging conditions

Rising costs, limited tax relief, and changing legislation – there are many reasons why landlords may consider selling a property in the coming months.

As part of our 2023 Landlord Report, a quarter (25 per cent) of landlords told us they were planning to sell a property before August 2024.

Another study by the Open Property Group found that a third of landlords are considering retiring or leaving the market due to issues with legislation and rising costs.

With the 2024 market landscape likely to remain similar to the previous

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UK house sales are set to fall as high mortgage rates deter buyers, while rental prices surge as tenants enter bidding wars for the few properties available to let, according to a leading property survey published on Thursday.

The monthly report by the Royal Institution of Chartered Surveyors paints a contrasting picture of a slower sales market, with both buyers and sellers waiting for the economic outlook to settle, and a frenetic rental market where rising costs and regulation are

Key takeaways

Australia is in an unprecedented rental crisis and there is no end in sight.

Rentals are growing at double digit rates and vacancy rates are at historic lows.

However some markets are strongly outperforming others as the tables below show

We’re suffering an unprecedented rental crisis with no end in sight.

Capital city rental markets have continued to report higher rents and fewer vacancies generally over December, ending 2023 with more bad news for tenants.

Adelaide was the top monthly performer with weekly house rent increasing sharply by 4.3%, followed by Perth and Melbourne each up 3.5%, Hobart

• Harsh regulations prompt Victorian landlords to sell, leaving the rental market strained.
• Investors struggling through cost-of-living crisis, interest rate hikes, and high taxes.
• Influx of sales may mean more options for first-home buyers.

Property investors have left Victoria en masse, pushed out by the increasingly harsh regulatory environment, leaving the already constrained rental market worse for wear, according to real estate agency Little Real Estate.

Investors at their wit’s end

Little Real Estate reported a surge in Victorian sales listings as investors exited the market, encumbered by the controversial COVID debt levy, further land taxes, and escalating maintenance costs.

“Our

Meanwhile, owners of larger private properties of at least 90 sq m who wish to rent out their properties to up to eight unrelated people are required to register with URA, via its e-services. An administrative fee of S$20 is payable with each registration.

Upon successful registration, the owner will be informed that they can use the residential property to accommodate up to eight unrelated people, each subject to a minimum stay duration of three consecutive months.

Mr Lee Sze Teck, senior director of data analytics at Huttons Asia, said the move is “not expected to have a significant impact

Many renters in some of Canada’s biggest cities have already been paying record-high amounts to their landlords as of late, but a new report suggests the pressure facing real estate investors might ratchet up the pain in the rental market in the coming years.

The report, released Monday from CIBC and Urbanation, shows that for a majority of real estate investors in the Greater Toronto Area (GTA), the business case for their rental properties is falling apart. Industry observers say similar pressures are being felt in other major cities like Vancouver.

While tenants might have little sympathy for the landlords