What explains price rises? Are there vendors out there still of the mind that the market is on the up? Or is the reason that people put the price up only so they can later revert to the original price and claim they have knocked tens of thousands off the price?
God know really. Quite a few properties with increases are moving the price all over the place from week to week. For example looking at the places with 3 or more increases in Dublin most have also dropped the price more than 3 times. Don’t understand the logic but they must be trying to effect bids in some way.
I have seen this in some apartments for rent that I am monitoring, it seems after a few weeks of lack of interest some bright spark thinks that the way to stimulate interest is to rise the price. Maybe if they tried moving the price in the other direction. Not sure if it is the letting agent thinking that at whatever price they have specificed the apartment doesn’t seem exclusive enough.