选项c

问题如下：

Based on an analysis of inflation data, which scenario is most likely to occur as a consequence on real estate of rising prices?

选项：

A.If inflation persists within an expected range, leases being renewed will probably result in rental income rising with expected inflation, along with stable asset values.

B.Unexpectedly low inflation generally will put downward pressure on expected rental income and property values. Rents may have to be increased to generate additional revenue.

C.Higher-than-expected inflation is likely to coincide with lower demand for real estate as maintenance costs and interest rate expenses lower profit margins. Property values either stagnate or decline.

解释：

As long as inflation remains within the expected range, renewal of leases will likely generate rental income rising with expected inflation, accompanied by stable asset values.

Answer Choice (B) is incorrect. Unexpectedly low inflation (or deflation) will put downward pressure on expected rental income and property values, especially for less-than-prime properties, which may have to cut rents sharply to avoid rising vacancies. Answer Choice (C) is also incorrect. Higher-than-expected inflation is likely to coincide with high demand for real estate, expectations that rental income will rise even faster than general inflation, and rising property values.