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Monthly Archives: August 2016

Large Percentage Of Tenants Would Relocate To Buy Home

Landlords may be interested to read that, according to the NLA Quarterly Tenant Panel – Q2 2016, a significant percentage of people living in rented accommodation would be prepared to relocate in order to purchase a home. This probably does not come as a surprise as there must be an awful lot of tenants that would love to own their own private residence for a variety of reasons. For instance, when you own your own property, you may see its value increase and you are able to decorate it how you like which may not be the case with a rented property. You may also require more living space perhaps due to the birth of a child which, if you are renting, is likely to mean that you need to find a larger property to rent whereas, if you own your home, an option may be to extend it. According to the above panel, 29% of people taking part in the survey, of which there were 941 respondents, said that they would consider relocating to a different city or town here in the UK so that they could purchase a property in which to reside. A further 27% of tenants…

Highlights Of The Private Rented Sector Report

The English Housing Survey Private Rented Sector Report, 2014 -15 that is produced by the Department for Communities and Local Government may be of interest to landlords here in the UK. We thought that we would mention some of the highlights contained in the document. In the last 10 years, there has been a big increase in the number of people renting homes privately. For instance, in 2014-2015 it is believed that 4.3 million households rented privately with this equating to 19% of households rented privately. Back in 2004 to 2005 there were 11% of households renting privately so, as you can see, there has been a significant increase in people renting in this way. There are more younger people under the age of 45 who rent privately with 70% of people renting being in that age bracket yet only 25% of people who own their property are less than 45 years of age. It is also interesting that in the 10 years leading up to 2014-2015, the percentage of people renting privately that were aged between 25 to 54 went up from 56% back in 1994 to 1995 to 72% in 2014 to 2015. Yet, the percentage of people…

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