The future is bright for the rental market……
According to ARLA (The Association of Residential Letting Agents) the future of the rental market is booming.
With more and more people renting than buying it would appear that the tide is slowly turning, there has been a rise is the amount of rental properties available and a drop in potential buyers.
It has been predicted for some time that eventually, we will be a nation of renters and at my ripe old age of 40 am I part of one of possibly the last generations of homeowners?
“Millennials” are coming out of further education now more debt ridden than ever before and a lot of the time, even their parents have never owned a home themselves so its considered normal to not even consider buying a house.
Don’t get me wrong, as an agent what goes out of one door comes straight back in the other but are we now seeing a change in how we operate as a business all together?
Interesting times I think you will agree.
What do you think?
Is it perception, is it cost, is it the lenders tightening the criteria making it more difficult to borrow.