Broke Bri­tons are re­signed to rent­ing

Yorkshire Post - Property - - FRONT PAGE -

THOU­SANDS of Bri­tons are re­signed to never own­ing their own home and are com­fort­able with the prospect of long-term rent­ing, ac­cord­ing prop­erty por­tal Find­aprop­erty.com.

De­spite rental prices reach­ing an av­er­age £890 per month at the end of last year – the high­est level ever recorded by Find­aprop­erty. com, one in four (26 per cent) renters say the prospect of rent­ing in the long term isn’t a prob­lem for them and 38 per cent don’t feel that own­ing a prop­erty in the fu­ture is crit­i­cal.

Only half (54 per cent) said pur­chas­ing their own home was ‘very im­por­tant’ to them. Rent­ing is still a ne­ces­sity for more than half of all re­spon­dents with 61 per cent say­ing they can­not af­ford to buy.

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