Why are the rents so expensive? Few houses and many taxes
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The paradox
Anyone looking for a home to reside in and lacks the resources to finance a major portion of the purchase is in the midst of a perfect storm: the mortgage is more difficult to obtain and costs much more, the houses to rent are few and in turn cost more. Increase in rents and rarefaction of the lease offer go hand in hand and not from today. If we compare the trend of prices and rents over the last five years in the eight main Italian cities, we discover that only in Milan have prices risen more than rents, which in any case were already very high five years ago and increased by 15.1% over the period . While in the other seven cities rents grew much more, up to 43.1% in Bologna. This according to the data of immobiliare.it. From another classifieds portal, idealista.itanother significant number arrives: in the first quarter of 2023, the supply of rental homes decreased by 28.7% on an annual basis.
May 23, 2023
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