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.”*



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