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 Private Rented Sector (PRS) has experienced exponential growth over the last few years as the UK slowly but surely transitions into a nation of renters. Figures from the office of National Statistics (ONS) suggest that there are now around 4.5 million households currently in the private rented sector, a impressive 60% increase from 2.8 million households ten years ago.
Knight Knox ran a survey on 500 tenants within the PRS who haven’t owned a property before. The survey focusses on the habits and attitudes of UK renters and their future within the private rented sector.
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