UK property rent attitudes changing

Published by Property Wire
on Monday, 24 January 2011
Attitude to renting property in the UK is changing as fewer people are able to buy and are forced into becoming reluctant tenants, research suggests.

In the latest fourth quarter survey from the Association of Residential Letting Agents, some 71% of landlords asked said they felt renting was more popular now than a year ago. In 2009 the figure was just 35%.

And, when asked about attitudes to renting and whether consumers would rather buy than rent, the majority of respondents, 67.2%, felt that people were being forced to rent, a slight drop on the previous quarter which was 71.6%, but still up on the same perios of 2009 which was 54.2%.

‘Our research suggests …

Tags: landlords, letting agent, property, rent, residential

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