Wednesday 21 September 2016

Renting's not just a young person's game: Two in five tenants across the UK are at least 46 years old - and they're happy not owning


  • 40% of tenants in the UK are now aged 46 and above
  • 18% of renters are aged 55 and above, the same proportion as those under 25 years old
  • Over 55s are 46% more likely to be happy with renting compared to renters under the age of 45 

A surprising two out of five tenants in the UK are at least aged 46 years old, research has revealed. 

Eighteen per cent of renters are over the age of 55 and 22 per cent are between 46 and 55 years old. The figures from letting agent Your Move found that 39 per cent of those in private rental accommodation were aged under 35 years old. 

The 18 per cent of renters across the UK that are now aged at least 55 years old is the same proportion as those under 25 years old.


Valerie Bannister, head of lettings at Your Move, said: 'These results show very clearly that renting is becoming extremely important across the UK.

'The rise of the silver renter may seem surprising, but increasingly thousands of people have turned to the private rental sector as the most convenient option available to them, following a change in personal circumstance.

'Now more than ever, it is important that this sector offers good quality, well managed properties that allow tenants to feel at home in them.'


3 comments:

  1. I think for some young people owning a house is not an aspiration; they change jobs and location, they travel etc. In Germany, for instance, it's common to rent a house. Media talks about young generation not being able to afford to buy a house but also fewer of those youngsters save money for deposit.

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  2. I think for some young people owning a house is not an aspiration; they change jobs and location, they travel etc. In Germany, for instance, it's common to rent a house. Media talks about young generation not being able to afford to buy a house but also fewer of those youngsters save money for deposit.

    ReplyDelete
  3. The most interesting text on this interesting topic that can be found on the net ... repossessed houses

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