UK Rental Market
The UK rental market, normally referred to as the private rented sector (PRS), accounts for approximately three million households; that is nearly one in eight privately rented homes.
According to the Association of Residential Letting Agents, the UK PRS is worth £500 billion and contributes £30 billion a year to the UK economy.
The PRS has seen much growth since the introduction of buy to let mortgages during the 1990’s and whilst there was downturn during the credit crunch, the sector is still growing. Today this growth is aided by:
• An increasing number of students
• A more mobile workforce
• An increasing population
• Would-be first time buyers who are not currently able to step on to the
property ladder
In fact for many people privately rented accommodation has become the tenure of choice as it offers more flexibility and reduced moving costs when relocating.
Below you will find a list of reports and articles directly related to the Private Rented Sector. You can also find views and comment from our in-house experts on our Buy to Let blog.
