Britain’s residential landlords may experience several busy months ahead and a good start to the New Year, as demand for residential properties remains high among tenants looking to rent either for lifestyle reasons, or because they continue to be locked out of the homeowners’ market.
Leaders, the UK’s most prominent independent letting agency, found that January is already getting off to a busy start.
Paul Weller, Leaders’ managing director, noted that the lack of mortgages is just one of the reasons why Britons are more likely to rent in the future.
The private rental sector has gone through very positive developments in the past several years, and the number of high quality, modern and classy rental units has increased markedly. As such, renting for some is not a burden, or a second rate accommodation option, but an actual lifestyle choice.
For example, while most young professionals could not afford to purchase a high-end home in Central London or in other expensive neighbourhoods, they may be able to rent one and enjoy that same lifestyle.
