2 weeks Ago
One in five tenants changed rental properties more than five times in five years A total of 42% of tenants fear they will be stuck renting for the rest of their lives Two out of five tenants fear they will be stuck renting for the rest of their lives, a new survey has revealed. Soaring rent prices mean many tenants have little money left at the end of the month to save a deposit towards getting on the property ladder. It means they are looking at a lifetime of renting a property rather than building up some equity in a home of their own.
A total of 42% of tenants fear they will be stuck renting a property for the rest of their lives AVERAGE RENTAL PRICES APRIL 2023 VERSES APRIL 2024 April 2023 April 2024 Year on Year % change East Midlands £946 £988 4.4% Greater London £1,897 £1,951 2.8% North East £819 £863 5.
3% North West £880 £941 6.9% South East £1,210 £1,288 6.4% South West £1,062 £1,184 11.
4% West Midlands £908 £952 4.9% England £1,103 £1,166 5.7% Source: Goodlord The survey of 2,081 people included as many as 500 landlords and up to 731 tenants and was carried out by Cornerstone Tax in February this year.
It found that 42 per cent of tenants fear that they will be stuck renting for the rest of their lives. The survey also identified a number of other alarming trends in the rental market, including the lack of security around tenure. It found that 19 per cent of tenants have changed rental properties more than five times in five years.
It follows the rec.
