Renting is becoming increasingly long-term, a new survey suggests.
Monta Capital asked 1,586 UK renters about their experiences.
Some 24% have been renting for 6-10 years; 22% have been renting for 10-15 years; 13% have been renting for up to 20 years; and 20% have been renting for more than 20 years.
While renters are renting for long periods, few do so through choice: 85% say they are renting through necessity, with just 15% saying that renting is a choice.
Tenant frustrations revealed by the survey include the overall cost of renting which 33% of tenants cite as their biggest concern; 35% were unhappy with the uncertainty behind renting; and 41% wanted longer tenancies.
When renters are asked if they have any plans to one day buy their own home, 43% say no. And by far the most common reason why they have no plans to buy a home is because they can’t see themselves ever being able to afford it (70%).
Of the 57% who say they do have ownership aspirations, 19% say it will be up to 10 years before they think about doing so, and even then only 59% believe they’ll actually be able to achieve home ownership within this timeframe.
Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.
The trend for long-term renting continues to gather pace, according to...
A Labour Party proposal to sell some long-empty homes to first...
For investors who keep their buy to lets for substantial periods...
Airbnb is making more overt attempts to lure long term renters...
The vast majority of tenants are unaware of new laws introduced...
Despite the recent tax crackdown, buy-to-let continues to look an attractive...
The property market had enjoyed a boost thanks to the outcome...
There wasn’t much by way of good news in the Spring...
National Landlord Investment Show has announced that the former Leader of...
Twenty twenty-four is a pivotal year for landlords in the Private...
The management of BTL properties, whether it's a modest collection of...
We are thrilled to report that the first National Landlord Investment...
If interest rate rises weren’t enough to drive landlords out the...
Landlords play a crucial role in providing safe and comfortable housing...
.jpg)
Calling all landlords, Investors and property professionals: National Landlord Investment Show...
A council has prosecuted a landlord for letting out two HMOs...
The Labour-led government in Wales has issued a consultation proposing the...
Another council is looking for landlords with rental properties to match...
Another council is looking for landlords with rental properties to match...
.png)
Landlords and renters’ activists are at either end of the spectrum...
A prominent lettings sector expert is blaming the media for anti-landlord...
Who are you and what does it say on...
Who are you, and what does it say on...
Who are you? I am the Head of Broking for...
Join the conversation
Jump to latest comment and add your reply
You’ll own nothing , look at apples iTunes model
Rent everything forever
Well will renting even be a possibility going forward? No. Landlords will sell. Also Tenants won’t move so there’s nowhere to move in to. Our boat people are given more money than councils so they get home and 4 and 5 star hotels first. Which begs the question where will we be able to go on holiday in the U.K.? No airbnb’s too. I’m going to have to buy a caravan 🤦🏻♂️
Go to France 🇫🇷 where they have come from 😂lots of room there ⛵️
In a few months the government have managed to completely destroy PRS, Short Term Lets and by default hit tourism. This will hit the treasury hard in terms of tax take.
On the other hand it will help the economies of Southern Europe with everyone going for cheeky weekends somewhere warm.
Amazing really that the UK does not want tourism and the weekend getawayers as Gove & Hunt have taxed AirBnB to death and all the hotels are full of people who arrived on inflatable buses.
I can bet the 15% who say they rent through choice, did so long before the current crazy market 😱 It’s doubtful they would make the same choice now 🫣💰🫣💵
It’s the old adage- why does the gov have to touch the system which works Well. Yes there are some who need to be ousted or taken to one side and given a dressing down. But don’t penalise the many cos of the few. Or do they have to make themselves think they earn the 5% pay increase.! Bl oo dy terrible.
How can the Renters Reform Bill make it long term when it will put everyone on Periodic Tenancies running from one month to the next?
Because they aren't periodic unless the tenant wants it to be. They can give notice. The landlord cannot. They won't have anywhere to go so they won't give notice. Even if they did, they occupy the landlord's property. So they will move out and move a family member or friend in.
But let's force out Landlords! 🤦♀️
But let's force out Landlords! 🤦♀️
Please login to comment