Reasons to rent
11th December 2020
According to The Property Academy Tenant Survey 2020, just over half of tenants rent because they can’t afford to buy and almost half rent to suit their lifestyle.
Stepping onto the property ladder is hard and Covid-19 has added to this with stricter lending criteria. However, not everyone wants to buy, 14% of tenants do not want to buy and 19% do not plan on buying for more than three years.
There are many perks to renting, such as flexibility (12%), settling into a new area (10%) and the fact that all maintenance is taken care of for you (3%)
Personal circumstances such as divorce (5%), between buying and selling a home (2%), studying (3%) and age (6%) can also cause people to rent. Source: Dataloft, Property Academy (14,000 respondents)
Families rent smaller homes
4th December 2023
Rising rents and the cost of living are impacting the choices that renters make when selecting their homes. An increased…
How long do we stay in our homes?
27th November 2023
People move more often than they expect to, one of the findings revealed in the recently-released Property Academy Home Moving…
Can rents go up indefinitely?
23rd November 2023
Affordability limits have hit critical points in various UK regions, signaling a diverse landscape in the rental market. While Scotland…
