Is the rental market going to overtake homeownership?

It’s a question that could have a big effect upon the property market and one that Savills is forecasting to happen, writes Commercial and Residential Development Specialist Richard Carr.

A generational thing

Following a trend is common amongst the young generation and in the property market, renting has certainly been the hot trend over the past five years.

Richard Carr Renting vs Buying

Will renting overtake homeownership?

No longer are youngsters growing up and aspiring to become homeowners on the ‘property ladder’. For many young adults their first experiences of living away from home is in rented accommodation at university.

Whilst for those that choose to enter employment after leaving school, the property ladder is proving far too expensive, without a peg up.

Private households set to grow by 1m in next five years

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