- Jun 2022 rents increased by 2.1% month on month from May 2022.
This is a follow-up from the previous part 1 of the article where we mentioned that we’ll be moving out back to our place next month. You can find that article link here.
So after we made our decision to move back, we quickly contacted our routinely familiar agent to list our current place for marketing. Back then, we weren’t sure of the demand situation so we made it a point to open it both for sale and for rent.
As you might know, the rental market has been in buoyant mode since the easing of Covid-19 restrictions and borders, and no thanks due to inflation and rising demand (expats coming over) – the rental market has also been on one way direction since then.
To give you some context on how the rental market for private properties have performed in recent years: