People also ask
Why are more tenants staying in rented homes?
The increase in house prices caused by the Stamp Duty Holiday sales surge has indirectly obliged more tenants to stay renting ?because they, and the all-important first-time buyers, cannot afford the larger deposits being demanded by the banks
Can renters afford a home in the city?
A home in the city might be out of reach for most home buyers, but it might be doable for renters. Although rents can be high in areas where home values are also high, renters can more readily find an affordable monthly payment than homebuyers.
Is it better to rent or buy a home?
Families have historically needed to either build their own homes or rent a home from someone else. Although it may not be ideal, renting does have its advantages, too. For some people renting might make more sense for their financial circumstances. Below, we’ve listed 10 of the main advantages of renting instead of buying a home .
Why are there so few rental properties on the rental market?
Since the start of the pandemic ?March 2020 ?some 300,000 fewer properties have come onto the rental market than during the preceding 12 months which is inevitably having a massive impact on the rental market. So why are there so few rental properties? There are five main drivers behind the current lack of stock: