LETTINGS NEWS:- Changing faces of private renting revealed by government
The government’s annual English Survey of Housing has revealed the changing face of the private rental sector – and gives would-be investors an insight into the different ‘sub-markets’ that exist. Latest findings show:
- two thirds of rented households are led by someone under 45;
- however, there’s been a big rise in numbers of over-45s who rent;
- around one in four renting households now have children.
Letting agents (including East of Exe, of course) can advise on what properties are most likely to let successfully in different parts of the local area. But the all-England figures show how diverse the rental sector has become, and how it continues to be a solid investment.