Rental boom set to continue
The boom in the UK's rental market is likely to continue throughout 2008 and beyond, one industry expert has stated.
Simon Preston, chairman of Iammoving.com, said that the increased popularity of rental properties is "not just a fad" and will like continue for at least 12 more months.
"What some of our clients are seeing is that the rental market is likely to be more buoyant over the next 24 months as some people choose to sell and rent rather than sell and buy," he commented.
"We're definitely seeing these changing patterns within the home moving market and one would suspect that they will probably continue for a period of time until people gain more confidence about what's going to happen to mortgage rates and house prices."
Recent research by Hiscox found that four out of ten young people would consider buying property abroad to get on the housing ladder.
Published 3rd April, 2008
© 2008 Estates IT Limited
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The boom in the UK's rental market is likely to continue throughout 2008 and beyond, one industry expert has stated.