There may be adjustments or a transition period but many suddenly selling property does not necessarily mean an increase in rents.
For one if a person buys they are taken themselves out of the rental market.
If they have a property they are adding to the rental market.
If property prices crash it still does not mean rents go up but the ROI justs becomes more appealing and eventually investors plough back in.
Currently the returns on most properties are very low as most people bank on a capital gain.
If property prices halved for example the focus would be on the ROI which in theory would have just doubled.
Of course if things got so bad that property halved it would mean huge job losses or a recession or both so rents could likely drop a little in some places with many struggling to pay.Many would team up,share or move back home in many instances.
