Re­tired choos­ing to rent out homes

Yorkshire Post - Property - - PROPERTY -

A GROWTH of in­ner city liv­ing in the last decade is chang­ing the char­ac­ter of ten­ants who rent prop­er­ties both in cities and ru­ral ar­eas, say let­tings agency Belvoir.

Cities have be­come the favourite for many young peo­ple and stu­dents while cou­ples and young fam­i­lies have started to join the older re­tired com­mu­ni­ties in ru­ral towns and vil­lages.

“Peo­ple are chang­ing their at­ti­tudes to home own­er­ship,” says a Belvoir spokesper­son. “A grow­ing num­ber of re­tired peo­ple, for in­stance, are go­ing against his­tor­i­cal pat­tern.

“As part of their down­siz­ing plans they are choos­ing to sell or rent out their home and then go­ing on to rent a smaller dream prop­erty of their own.”

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