Asking rents for expatriate-quality units in Athens increased as demand rose for rentals, particularly in the city center, Kefalari, Kifissia, and Filothei. Finding good quality rentals can be challenging, since there has not been significant new construction for several years. Apartment supply is low, since many rentals have been converted to short-term accommodations.
Rents for good quality houses decreased in Istanbul over the past six months. Fewer expatriate families are moving to Istanbul and singles and couples rent apartments, so the demand for houses is dropping. Many houses are left vacant while rents for apartments in the prime areas remain stable.
Kharkov rents decreased considerably over the past year. Supply is very low, especially for detached houses, but demand is even lower, since it never recovered after the political unrest of 2014.
Uncertainties surrounding Brexit have encouraged owners to rent rather than sell their properties. Together with new housing developments, the uncertainty has led to an increase in supply and lower rents. Sources said it has been a good year for tenants and agencies, with plenty of supply and solid demand. Demand for rentals has been steady. The decreases in rent vary by area and are greater for higher-priced properties.
Sri Lanka’s real estate market has expanded rapidly over the past six months. In addition to strong expatriate demand and increased rents, interest in residential properties has strengthened among the nation’s wealthy and middle class population.
While the serviced rental market has been stable, non-serviced apartment rents dropped over the past six to twelve months. Additional non-serviced rental supply will soon enter the market and lead to even higher availability. Rental negotiation may be available for selected non-serviced apartments. Detached villas have fallen from favor with expatriates because of a perceived lack of security.