More tenants want to rent as sector improves image

More tenants want to rent as sector improves image


Todays other news
Have landlords sold up too quickly?...
There are up to 13m dogs across the UK...
LeaseSafe calls itself “a productivity platform for private residential landlords”...
41% of tenants are more positive towards renting than they...
The S21 eviction process has been outlawed since the start...

Forget the media representations of unhappy tenants – a growing number actually want to rent. 

A survey by RentGuarantor suggests that 41% of tenants are more positive towards renting than they used to be.

This is particularly evident among younger tenants, where more than half of those aged 18-29 report a more positive outlook than they’ve had previously.

Some 88% of all people surveyed said renting fits modern lifestyles better than it used to. 

Nearly one in three (30%) actively choose to rent because it suits their lifestyle, not because they have to, and 43% agreed renting works well for them at their current stage of life.

While affordability remains a key factor, the research shows that tenants are placing increasing importance on how renting supports their day-to-day lives. 

Location continues to be a primary benefit to renting over buying, with over half (56%) saying renting enables them to live in areas they would otherwise be unable to access.

Operational simplicity is also a clear advantage, with 54% highlighting the appeal of not having responsibility for maintenance and repairs.

Flexibility remains central to the offer, with 83% agreeing that renting provides more flexibility than buying, and 34% citing this as a key reason for remaining in the rental sector. 

At the same time, 30% say they cannot see themselves ever buying a home. 

This trend is not limited to younger tenants: 29% of those aged over 60 say they would prefer to rent rather than buy, pointing to demand across a broader demographic base than is often assumed.

Paul Foy, CEO of RentGuarantor, says: “In the UK, renting has often been considered second best; we’re a country of aspiring homeowners. 

“However, with stepping onto the first rung of the housing ladder perhaps more challenging than it has ever been before, renting has become the reality for many people, and for the long term.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Subscribe to comments
Notify of
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Have landlords sold up too quickly?...
There are up to 13m dogs across the UK...
LeaseSafe calls itself “a productivity platform for private residential landlords”...
The S21 eviction process has been outlawed since the start...
A paper is to be published after the May local...
Recommended for you
Latest Features
There are now no shortcuts, no safety net, and no...
What the Act means in practice is unclear for many...
Propertymark, the letting agents' trade body, has given this guide...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

1
0
Would love your thoughts, please comment.x
()
x