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According the Association of Residential Letting Agents, a Landlord Today article, (Sept 26th), shows that tenants looking to rent will face competition for privately rented residential property. Demand among tenants' increases and supply contracts
The recent Chancellor's Budget changes of rules on how people can access their savings in retirement. Savers will be allowed to withdraw their entire pension fund, (subject to conditions), from the age of 55 or over
Tenancy lengths are increasing for various of reasons. Rental prices have gone up so people are more cautious about moving. A lot of tenants can't afford to do it. Some tenants will be saving for deposits, which of course takes longer now
The percentage of people renting is increasing. Tenants are becoming more demanding as to the quality of rental properties. They are also expecting long term tenancies. Belvoir Lettings do not sell properties.