Finding out about the market directly from landlords and tenants
In March 2018, Knight Knox carried out its annual Landlord Survey which saw 500 UK-based landlords quizzed in an attempt to analyse the current rental market in Britain. The findings highlighted some interesting statistics and observations from one of the UK’s fastest-growing investment markets. Beyond working as a strong asset, operating as a landlord today is an important social responsibility, with the Private Rented Sector (PRS) in the UK emerging as a leading sector as ‘generation rent’ settles into a trend of long term renting.
The UK rental market is growing at a rapid rate. Despite government promises to build new, affordable homes, it has been predicted by industry experts that 1 in 4 UK households will be renting privately by 2021. With this in mind, the opinions of tenants in the rented sector are becoming more valuable.
During Q4 2017 Knight Knox carried out its second annual tenant survey to find out more about tenants, their rental situation and the market as a whole. 2,000 tenants across all demographics were surveyed and the results revealed why people rent but most importantly, confirmed that the growing trend towards renting is here to stay.
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