Rent­ing way of life in hard-up Bri­tain

Yorkshire Post - Property - - PROPERTY -

RENT­ING is fast be­com­ing a new way of life in Bri­tain, de­spite lower in­ter­est rates and bet­ter mort­gage deals, ac­cord­ing to Do­rian Gonsalves, Chief Ex­ec­u­tive Of­fi­cer of national let­tings spe­cial­ist, Belvoir.

He says: “Whilst there has been a grad­ual shift to­wards rent­ing over the past 30 years, our cur­rent as­sess­ment of the hous­ing mar­ket in­di­cates that it’s not just about fi­nan­cial fac­tors. It seems that more and more peo­ple are still be­ing drawn to­wards the rental op­tion and the ben­e­fits of not own­ing a prop­erty. Prop­erty prices con­tinue to be pushed up by a lack of sup­ply. There are not enough houses be­ing built and, as a re­sult, house prices are now the high­est they have been for nearly three years, and ris­ing.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.