LETTING & ESTATE AGENT

Popularity of renting continues to rise!

Popularity of renting continues to rise!
A result of both higher property values and a lack of new homes being built has seen an increase in the proportion of people now renting in the UK. At present, 63.5 per cent of the nation currently own their own home. this is a fall of 6.5 per cent in 6 years.

Out of the 26 Countries which data is available for, the UK sits 23rd on the list. the only countries with a higher proportion of renters is Denmark, Austria and Germany. For those of you who may be interested, the countries with the highest percentage of home ownership are Romania, Lithuania and Slovakia.

This increase in the UK is reinforced by figures published in the Times. They have reported that a quarter of homes purchased this summer were either second homes or buy-to-let properties. If you are looking to invest in a buy-to-let in Tamworth or the surrounding areas, or want to know what your property is worth. Please feel free to contact our office on;

01827 313800 or tamworth@martinco.com