Saturday, January 23, 2010

Rise of the Reluctant Tenant

Demand Outstrips Supply In Rental Market

"The number of homes available to let is falling while demand for rental accommodation is rising, according to new research. Some 41% of letting agents said there were more potential tenants than properties in the final quarter of 2009... This was up from 24% during the three months to the end of September. Demand for rental properties is increasing because people are struggling to find properties to buy or mortgages that they qualify for. This has led to a rise in so-called reluctant tenants, which is a marked turnaround from early last year." Reluctant tenants? WTF! The article also claims "people who would like to buy a property are struggling to find somewhere suitable, due to the shortage of homes on the market". People can't stay in their homes forever (divorce, job change, death)...

Posted by happyrenting @ 01:11 PM (856 views)
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