There’s been a 900% increase in the number of prospective tenants viewing an Auckland rental property in just six months.
Impression Real Estate data shows on average, more than 50 people attend each viewing in the city.
Chief Executive, Rishabh Kapoor says demand comes from those who lost their homes in the January floods, and recent migrants.
He says property managers are seeing more cases of people offering to pay more for rent, or offering bribes.
Kapoor says it's concerning for two reasons —the first being that it's illegal— and the second being it speaks to the desperation among people for rentals.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
United States of Kennedy
United States of Kennedy is a podcast about our cultural fascination with the Kennedy dynasty. Every week, hosts Lyra Smith and George Civeris go into one aspect of the Kennedy story.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com