A recent survey by Gumtree has revealed a shift in British attitude to home ownership with many more people choosing to rent rather than buy.
Tenants, homeowners and landlords were surveyed as part of the report which found that more than two in three 18-24 year olds say they are not planning to take out a mortgage at any time. 51% also said that our obsession with property ownership needs to change and 78% said renting was more viable than buying in a credit crunch period.
Whilst this news means less mortgage business and fewer first time buyers, it is a boost for the rental market and buy to let landlords. We are well aware of the shortage of property in general and rental agents have already been reporting stronger demand for tenated property.