- People between the ages of 35 and 44 are three times more likely to rent than 20 years ago.
- Rental levels which saw a reduction last year are now rising and demand is huge. Properties are being snapped up within minutes – family houses with gardens, flats with balconies and extra space are at a premium.
- London is open for business with international investors back in buying mode and international students returning with an average of £30k to spend on annual rent,
- The cost-of-living rises are an issue. Even if tenants are financially resilient, many are keen to continue to rent whilst the market settles and they decide what they want and where. Renting provides flexibility regarding location and price point offering a medium-term option.
Sales fast facts
The asking price of property coming to market has hit a new record high for the third consecutive month according to Rightmove up an average of 1.6%. To make sure you are in the best position to achieve your sale here are a few tips to help.
- Find an agent that you trust and hand over the process to them
- Improve your curb appeal by trimming hedges, clearing weeds from pathways and mowing the lawn as well as giving your front door and windows a good clean.
- Make sure your home looks inviting – have a good tidy up and buy some flowers
- A fresh lick of paint can spruce up a tired area such as a dark hallway but remember to choose a neutral colour
- Kitchens and bathrooms can make or break a sale – just changing an old shower curtain can make the difference
