In one study*, the authors argue that in Botswana, valuable minerals have had benign effects: diamonds enriched the elite enough to discourage further "rent-seeking .Another paperent-seeking .Anothersurpaperngly, to "institutions of private property" as a cause of success.
Looking ahead, 33% more surveyors were predicting further rent rises than those who thought rents would fall, with expectations that the cost of being a tenant would increase highest in London, followed by the Midlands, the south-east and the north.
Shelter said the report "offered nothing for the millions of people already in the sector, paying sky-high rents and living under constant threat of eviction or further rent rises".
It would most likely produce a glut of office and retail space, further depressing rents.
And some tenants, suffering financially but still bound to a lease, put up space for sublease, further depressing rents.
With little new space coming onto the market — most new projects will not open until 2009 — vacancies are expected to shrink further and rents to rise.
At the same time, a growing number of young Silicon Valley workers, drawn by San Francisco's urban charms, are also moving into the city as commuters and further raising rents.
The significant fact about this sector is that prices have fallen much further than rents.
"It's going to further escalate rents, and take affordable housing out of Venice".
The academic year began with the payment of more than £400,000 in compensation due to "unacceptable" living conditions in two halls of residence, before the rent strike forced freezes or reductions to the rent in 1,224 rooms and, most recently, a further 2.5% rent reduction in the university's entire housing stock.
