Reasons to rent
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)
Garden, garden, garden!
7th July 2021
With summer now officially begun, gardens and outside space remain priorities on buyer wish lists. Nearly two-thirds of residents wouldn’t…
Tenant statistics
7th July 2021
Across the UK, families comprise a fifth (21%) of all privately rented homes with 39% occupied by single people and…
+1 million new homes
7th July 2021
Over 1.3 million new dwellings have been added to the housing stock across England and Wales over the past 5…
