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Andrew Luxton MRICS FARLA, Partner in charge of Stags Residential Lettings Department comments on a recent report from PwC Business Consultancy which states that one in four households in the UK will be privately renting by 2025.
As house prices have risen much faster than earnings and social housing supply remains constrained, the number of households in the private rented sector has more than doubled since 2001. This trend is predicted to continue with an additional 1.8 million households becoming private renters by 2025. This would take the total of 7.2 million households – almost 1 in 4 of the UK’s total by that time.
The trend is particularly strong in the 20 – 39 year old sector where more than half will be renting privately by 2025.
Andrew Luxton confirms that with reports and statistics such as this, can only lead to confidence in investing in the private rented sector in the form of Buy To Let, especially as alternative forms of investment still produce relatively poor returns. However, he confirms that as with any decision concerning investment it is vital that appropriate advice is taken early to ensure that investment provides you the best return and is as hassle free as possible.
For further advice on any aspect of Buy To Let throughout the South West region then contact one of your local Stags Lettings Departments.