Savills, one of London’s top Estate Agents, has published research which shows demand for buy-to-let property will continue to increase in coming generations as domestic tenancies rise while property ownership falls.
I was surprised to read that they predict fewer than half of those people born in 1990 will be home owners by the time they reach 40. Their Residential Property Focus 2015 reveals some 53% of people born in 1960 owned their own home by the age of 30, which rose to 71% at the age of 40 and 79% at 50.
However, of those born in 1980 only 35% actually owned their homes at the age of 30. It is predicted to be even worse for those born in 1990, with only 26% home owners at 30.
The upshot will be that more people will want to rent properties from reputable firms of letting agents. I am pleased to count myself amongst those firms, specialising in the Tewkesbury, Cheltenham, Evesham, Gloucester, Malvern and Worcester areas.
If you are a landlord considering letting a property or a tenant looking for a new home why not give me, Eddie Carter, a call on 01684 292154 to discuss your requirements. Alternatively take a look around our website.
Charles Carter Lettings
Independent – Specialist – Local