Overview
Since the beginning of 2021 and particularly early 2022, the cost of living has been on the rise and has now reached the highest recorded level since 1992. This has affected the overall affordability of goods and services for households, including energy prices and petrol prices. The general rise in prices has been the cause of a number of changes in tenants' behaviour, disposable incomes, priorities, and ability to pay rent. As a result of these changes, the workload that property managers will have to take on will likely increase and you will have to adapt your everyday practices in order to be prepared and to be able to cope.