For 20 years the real estate market in the UK lost 1 million apartments social recruitment

Despite the fact that the government tries to reduce the demand on the market the UK real estate sector rental housing, the demand for real estate among investors “buy to let” in the first quarter of 2016 continued to grow.

The demand for residential property in England from tenants. 39% of homeowners said in Q1 2016, the demand from tenants is increasing compared to 34% in Q4 2015.

Research conducted by BDRC Continental has shown that the sector has also witnessed high level of tenants ‘ satisfaction. About 79% of tenants said they were satisfied with their landlord, 85% of tenants would like the property they rented , was their property , and 69% believe that they have received housing with a good ratio quality/price.

Another characteristic of the sector of the UK property is the time of residence of tenants in one dwelling. It has now reached an average of 7 years. And the average length of time tenants spend in the private rental sector is 13 years. Private rental sector plays a critical role in the housing sector in the UK. Since 1981, the housing sector has lost about 1 million houses and flats social rent. The rental sector partially offset these losses, taking the acute shortage of housing. The decline in social housing and the increase in the number of houses in UK in the rental sector has become the main trend characterizing the market of real estate in the UK over the last 20 years. A high level of satisfaction of tenants suggests that landlords have become more responsible to their duties and those people who do not have the opportunity to buy their own homes, or just don’t want to chase the market prices of purchase and sale, quite feel comfortable in rented accommodation.

® Maxim Savitsky. G. 10.06.2016

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