Rental sector could witness rise in demand, according to survey
Posted by Sue Hopson
With the cost of living high, mortgage deals hard to secure and house prices not becoming any more affordable, many people consider the rental sector to be a more attractive option.
And with figures recently released by MoneySupermarket.com revealing that 41 per cent of Britons who do not own property do not plan to buy a home at all, it appears demand for rented accommodation could surge in the future.
"Despite a stagnant housing market in many areas of the country, property prices remain exceptionally high," said Clare Francis, mortgage spokesperson at MoneySupermarket.com.
Given that such a notable proportion believe they will spend their lives in the private rented sector, the opportunity available to landlords appears vast considering the demand for their properties could increase as a result.
Should investors look to cash in on the chance to benefit from the growing numbers who are expected to be searching for a home to rent, residential lettings agents may see an increase in the number of landlords acquiring their services to let their assets.
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