Lack of con­fi­dence keeps buy­ers away

Yorkshire Post - Property - - PROPERTY -

IT has been a busy few months for the let­tings di­vi­sion of Blun­dells in Sh­effield and North Der­byshire.

Blun­dells di­rec­tor, Peter Lee, says: “There is still a lot of un­cer­tainty in the econ­omy and the job mar­ket and this, com­bined with the lack of avail­able fi­nance for buy­ers, has re­sulted in many peo­ple turn­ing to rental prop­er­ties.

“The dif­fer­ence now is that some renters are sim­ply peo­ple who would buy if they could af­ford to or had more con­fi­dence in the mar­ket. Peo­ple have de­cided that rent­ing is safer. In ad­di­tion, peo­ple some­times pre­fer rent­ing. It can be con­ve­nient for young pro­fes­sion­als whose job may not be lo­cated in the same place long-term.”

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