Natural cycle of renting has changed, property owners be aware

January 13, 2012

CIA Let Property Blog

The natural cycle of renting has changed and is not how it has been previously.

The director of Spareroom has said that this is leading to a massive surge in the demand for rentable properties.

With people finding it hard at the moment to be able to afford mortgages, demand is rising throughout most age ranges and this is unusual Matt Hutchinson claims.

 Rent guarantee insurance is important to have to protect yourselves as rental prices going up and pay cuts and freezes are happening.

Mr Hutchinson said: “The natural cycle of things that we had five or six years ago is currently falling apart – the people who went into rental accommodation a few years ago and would expect to be buying by now aren’t.”*

 

*Quote stride.co.uk

Advertisements
, , , , , ,

Subscribe

Subscribe to our RSS feed and social profiles to receive updates.

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: