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) is growing quickly as homeownership continues to drop in popularity for a number of reasons. There are currently around 5.7 million households renting privately in the UK compared to 2.4 million in 2005-06, equating to an 8% rise overall. This trend is expected to continue into the future, with industry experts suggesting that a quarter of households will be renting privately by the end of 2021.
With the growth of the PRS in the spotlight, Knight Knox surveyed 2,000 UK renters in Q4 2018 to find out their opinions on the private rented sector and their future as tenants.
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