The sphere of housing provision involving dwellings owned by individuals or entities and leased to tenants in exchange for rent constitutes a significant portion of the overall housing market. These properties are not owned or managed by governmental agencies or social housing providers. An example includes an individual owning an apartment and leasing it to a family for a fixed monthly payment.
This segment of the housing market plays a crucial role in fulfilling diverse housing needs, offering flexibility and choice to individuals and households who may not be able to, or choose not to, purchase property. Historically, this sector has adapted to evolving demographic trends and economic conditions, providing accommodation for students, young professionals, and families seeking short-term or long-term residency options. Its presence alleviates pressure on social housing resources and contributes to the overall dynamism of the housing market.
