Nowadays, as house prices have risen, so the cost of moving has jumped noticeably, to the extent that many people are thinking twice about uprooting to another house. And it seems that the cycle is changing, with more people expected to be living in rented accommodation; around one in four by 2021, according to a forecast by real estate consultancy Knight Frank.
Most of the new renters will be relatively young, having decided that it takes too long to accumulate funds for a deposit. However, there are other ages that will also see an increase, notably as pensioners look to realise the gains accumulated from living in the same house for decades, and not having to worry about maintenance any more by becoming a tenant.