Two in five tenants favour long-term renting | HAS Property Management

Two in five tenants favour long-term renting

‘Almost two in five private tenants plan to remain renting rather than buy a property, according to a new study’

A survey of 1,000 renters, carried out by The Deposit Protection Service (DPS) found that 38% of participants were ‘not looking to buy a property’ and would continue to rent ‘long-term’.

Julian Foster, DPS managing director, says that a significant proportion of the population ‘choose’ to be tenants as it suits their life plan or lifestyle.

“Buying a house is a significant financial undertaking, and renting will often also suit those who are saving for a deposit before accessing a mortgage,” he adds.

–Letting Agent Today Journal