Are we moving towards a majority rental market?

Brett Alegre-Wood
January 10, 2011

“People aren't embarrassed to rent anymore.” – Are we moving towards a majority rental market?

A EUROPEAN-style rental market could soon emerge in Wales as first-time buyers struggle to get on the property ladder, it has been predicted.”

Estate agents are reporting that their lettings businesses are much busier than their sales businesses, with demand from tenants outpacing available properties.

Currently the rental market, in Wales around 12% of the housing stock is privately rented, whereas in France it is 21% and in the German property market, 48%.

Cardiff-based estate agent Thomas George said that while some potential first-time buyers may be holding off buying because they cannot get a mortgage or because they think prices may fall further, many had simply decided to rent instead on the rental market.

Read the rest of this article about rental market…

Brett responds:

What a ridiculous false association, renting and embarrassment do not, and have never gone together. The fact that at present mortgages require a larger deposit means more people are needing to rent than to buy. That's a natural part of the property and economic cycle. More people are likely to rent in times of recession than to buy because of uncertainty. That's just normal. To say that we may be moving to a European style of rent rather than own is ridiculous.

One Great Property Idea
Masterclass

How Property Investors with Little Time Can Invest in New Build and Off Plan Property using a Regeneration Strategy and Where Exactly to Invest in 2022.

THIS WEDNESDAY @

1230pm London GMT

Masterclass Begins

TUESDAY

1230pm GMT London

Once we are through this downturn people will go back to buying just as normal…

Or maybe they are a bit different in Wales.

Sick of your Property agent not responding, or truly managing the changes in the market going on right now then give us a call 01522503717 or www.ezytrac.co.uk.

Live with passion,
Brett Alegre-Wood


Tags


Our Capital Growth Picks - Regeneration Hotspots & Developments

We Give You First Access & Negotiate Discounts on london and UK Property Development in the latest Regeneration Hotspots.

London

Manchester

Birmingham

Watford

Plumstead

Our Cash Flow Picks - High Yielding BTL, HMO & Assisted Living

Access Fully Managed High Yielding Property In UK Minor Cities.

Derby

Liverpool

Sheffield

Leeds

London

London

Manchester

Birmingham

Watford

Current Developments

View Available Property

Related Property Articles & News

Five Ways Birmingham Investment: Capitalizing on Brum’s Fastest Growing Area

Five Ways Birmingham Investment: Capitalizing on Brum’s Fastest Growing Area

Uncovering Five Ways Birmingham Investment Opportunities: The City’s Best Kept Secret

Uncovering Five Ways Birmingham Investment Opportunities: The City’s Best Kept Secret

Five Ways Birmingham Investment Opportunities: Get in Early on the Next Big Thing

Five Ways Birmingham Investment Opportunities: Get in Early on the Next Big Thing

One Great Property Idea
Masterclass

How Property Investors with Little Time Can Invest in New Build and Off Plan Property using a Regeneration Strategy and Where Exactly to Invest.

THIS WEDNESDAY @

530pm London GMT

THIS TUESDAY @

1230pm London GMT

Property Investment... Effortlessly Done For You!