Rishabh Kapoor: Impression Real Estate CEO on the increase of tenants viewing Auckland city rentals
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
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.
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