Levenshulme and Burnage Property News
Reasons for renting
Tom Simper
Nov 12, 2020, 10:30 AM
According to The Property Academy Tenant Survey 2020, just over half of tenants rent because they can’t afford to buy and almost half rent to suit their lifestyle.
Stepping onto the property ladder is hard and Covid-19 has added to this with stricter lending criteria. However, not everyone wants to buy, 14% of tenants do not want to buy and 19% do not plan on buying for more than three years.
There are many perks to renting, such as flexibility (12%), settling into a new area (10%) and the fact that all maintenance is taken care of for you (3%)
Personal circumstances such as divorce (5%), between buying and selling a home (2%), studying (3%) and age (6%) can also cause people to rent.
Source: Dataloft, Property Academy (14,000 respondents)
About The Blog
This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
Manchester is one of the fastest growing markets in the country. If you need any assistance buying, selling or letting properties in the area we have over 30 years of experience and local knowledge to help.
T: 0161 441 0563
E: [email protected]
Leave a comment