THE RISE OF THE RENTER
The people owning their own home is in decline. It has been reported that over 16.5% of households now privately rent. A dramatic increase since Assured Shorthold Tenancies were introduced in 1988.
The key question if this growth is to continue where will the new rental stock come from?
Financial constraints are holding back buyers thus making renting more attractive.It seems inevitable that rents will increase until demand waivers.