Renting a way of life in hard-up Britain | The Tenants' Voice
Cookies must be enabled for this site to function properly

Renting a way of life in hard-up Britain

0 helpful votes
This is the number of people who have indicated that they have found this discussion useful.
last updated: 26 May 2016 report a problem

renting a way of life in hard up britain

Renting is fast becoming a new way of life in Britain, despite lower interest rates and better mortgage deals, according to a lettings specialist.

Chief executive of national agency Belvoir Dorian Gonsalves said: “While there has been a gradual shift towards renting over the past 30 years, our current assessment of the housing market indicates that it’s not just about financial factors.

“It seems that more and more people are still being drawn towards the rental option and the benefits of not owning a property.

“Property prices continue to be pushed up by a lack of supply. There are not enough houses being built and, as a result, house prices are now the highest they have been for nearly three years – and rising.”

Original article

Image Source