Why Renting Is Here To Stay

Citylets Media Coverage

Why Renting Is Here To Stay

Citylets Media Coverage

29 JAN Metro Pg 43 CROPCityLets, the UK’s number one residential letting agency, have gained coverage in the Metro today.

Citylets published reports that highlight the stability of the private rented sector (PRS), and emphasises that while many people could afford to buy homes, they are choosing to rent.

Dan Cookson, Senior Analyst at Citylets said: “When the first issue of the Citylets quarterly report was published in 2007 the housing boom was at its height and the iPhone had yet to be launched.

“It was hard to imagine then the transformation that the private rented sector was about to experience. So much has happened in that time: the explosion of the internet as a tool to source properties, rapid expansion of the rental market, improvements in quality and service, the development of new luxury ‘built to rent’ properties and the blurring of the lines between social housing and private rented housing as Housing Associations and Councils get involved.

“This all points to clear evidence that validates the role the private rented sector now plays in the fabric of Scottish society.

“Living in rental accommodation in Scotland is a desired lifestyle choice that is here to stay.”

Analysis of the 2011 Census showed that the number of people the PRS doubled from 2001-2011, with the sector accounting for 12.4% of all Scottish households.

For more information, see the original press release.

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