A report has confirmed that there is an increasing trend towards renting long term over buying a property.
Scottish lettings agency D J Alexander Lettings surveyed tenants whose leases were expiring between February and May this year. Just 17% said they intended buying a property rather than continuing to rent.
The remainder all said they were going to rent again, with most either looking to trade up to something larger or moving to another area for work or lifestyle reasons.
Cost was suggested as a major factor, with many would-be property purchasers unable to afford a deposit. However, it is also true that a great number of people prefer the flexibility that renting provides, especially given the transient nature of modern life and working trends.
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. We specialise in the Tewkesbury, Cheltenham, Evesham, Gloucester, Malvern and Worcester areas.
Charles Carter Lettings
Independent – Specialist – Local