Retired choosing to rent out homes
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.”