Within 15 years there could be more renters in the UK than homeowners. According to recent research carried out by Bruswick for the UK's largest listed landlord Grainger.
The research project questioned 2,220 members of the general public and discovered that more than half expect that more people will be renting in the UK than owning their own home in 15 years time.
In addition to this the report revealed that only 31% of respondents believe that opportunities for first-time buyers will improve over the next few years.
Nick Jopling, executive property director of Grainger, said: “There is a new housing reality dawning on Britain. The financial crisis has tightened mortgage lending; house prices continue to be uncertain; and there are simply too few homes for demand.”
This new housing reality is a positive trend for landlords. With renting the more popular option the demand for rented properties has certainly increased. Great news for buy to let investors! If you are landlord and want to increase your portfolio contact Martin & Co Reigate on 01737 300700 or by visiting www.martinco.com.
t: 01737 300 700
f: 01737 300 400
e:
reigate@martinco.com
Martin & Co is open:
Monday to Friday - 9:00am to 5:30pm.
Saturday - 9:00am to 3:00pm.
Sunday - closed
(Out of office hours appointments are available by prior arrangement)
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