As for rent, I haven’t really been paying a lot of attention but it seems like they have gone down a little in the last few months (not sure, though). Last summer there was a spike in rental demand as all familes were forced to move out of housing on the N.A.B. This increased rental demand so prices went up a lot. However, the new houses on the N.A.B are coming along quickly and may be ready for people to start moving back this summer. When this happens, all the people who were forced to move out will be able to move back in, probably causing an increase in available properties and a decrease in demand. So I don’t think the spike in rental prices from last summer is sustainable.
Rental prices can’t go up any more as there will just not be enough people willing to pay the price. It was one thing to get 2,400 for housing and pay 2,600 – 2,900. It is quite another to get 2,400 for housing and pay 3,000 – 3,500.
