Why Young People are Renting Rather than Buying - Nova
downArrow


Looking at the most recent housing survey; it is shown that there are many more young people renting places to live in than buying a properties. The reason for this is cost, as well as being less stressful to rent.
There has been a decrease in home ownership between the age of 25-34. This is a perfect time for investors to look at properties to invest into, as there is a large market for the young audiences who are willing to rent out a place to live in. One of the reasons why young people are living in rented-out homes is because they are unable to afford to purchase a home at the current time. This is good for property investors as they will have a large audience who are looking to live in a rented place. Estate agents such as ‘Your Move’ have reported that they are seeing a large move in tenants relocating further away from London due to the rental increase; this is a huge advantage for property investors as if they purchase properties outside of London or even in the outskirts of London, there will be a better chance for them to find tenants for their properties.
The Labour Party has also proposed a new law for tenants that live in the UK; “tenants in Britain to be allowed to keep pets”.
This will be a very positive thing for the property sector as more people will feel much more comfortable living in a rented-out property as it will make them feel at home. This will have an overall impact on the property renting sector as there will be an increase on people renting out places.

Nova News

Is it too late to invest in Manchester?
Is it too late to invest in Manchester?
by Saeid Ansari
read more
EPC ratings having a big impact on house prices
EPC ratings having a big impact on house prices
by Chris Downe
read more
Supply Chain Issues have been wreaking havoc across the globe but what are the impacts going to be on the UK housing market?
Supply Chain Issues have been wreaking havoc across the globe but what are the impacts going to be on the UK housing market?
by Oliver Coghlan
read more
Economic growth in Manchester
Economic growth in Manchester
by Saeid Ansari
read more
More first-time buyers than ever entering into the UK property market
More first-time buyers than ever entering into the UK property market
by Chris Downe
read more
Want to be the first to know what’s going on in the world of property investment? Subscribe to our newsletter below.
The property pension plan book icon

Take Control Of Your Future With Buy To Let Investment, get The Property Pension Plan for Free!

Find Out More
Get in Touch

Book a complimentary property and/or finance consultation

back-to-top