It is, there seems, a quiet revolution happening all around us. That’s according to Sunday Times journalist Helen Davies (@TheSTHome) who says there’s a rental revolution happening in the UK right now. Perceptions of renting, she says, are evolving. Whereas it was once viewed as downbeat and down-market it’s now becoming a bit of a thing.
According to research from the English Housing Survey, apparently one fifth of the population now lives in privately rented accommodation – a figure that has doubled in a decade. What’s more, renters aren’t just one age group or life stage – they comes in all shapes and sizes from 20 somethings; to upsizing families looking to rent a bigger property; to people looking to cash in on the turbulent housing market; to older people looking to sell up and release equity.
According to the lettings team at Savills Estate Agency, rising numbers of tenants are fuelled by need rather than sentiment, and this applies equally to the older and younger ends of the market. In fact, one survey found there’s a growing trend for rentals in the over 55s market.
Futon Company says: A lot of our customers live in rental properties so it’s exciting to see that this is a trend that’s growing across the UK. What’s also interesting is that renting versus home ownership can have an impact on how you choose furniture. In some cases, especially where you’re required to move home fairly regularly, it makes sense to select furniture that’s lightweight and flexible. It can also be a good idea to invest in multi-functional pieces that can be adapted to suit different types of spaces. Whichever type of renter you are, there are plenty of options to suit all kinds of spaces. Vive la revolution!