Renting is ‘the future for millions’

Renting is ‘the future for millions’

The private rental sector will continue to grow in the near future, according to an industry expert; Due to the recent recession, many have chosen to rent instead of buy a property. This is because it cushioned many during, and it’s still the future for millions, according to Ms Jones, operations director at LSL Property Services. She thinks that around 20% of the population will live in rented accommodation; however this means that the rent will start to rise so that the landlords can afford to keep renting. This makes the average price for a rented property in 2015 around £800.

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