Cardiff Landlords: Have you noticed a difference in the type of tenants your property is attracting?
- Almost 25% of new tenancies signed in the past year included children within the home.
- The biggest number included a single child, followed by two children, then three, then four. This was consistent across the UK.
- There are over five hundred more private rental homes with children living in them than back in 2010-2011.
- In the years 2017-18 over 1.5 million privately-rented homes had children, up 37% from the years 2010-11.
So what’s causing this shift? Factors such as mortgage availability, rising house prices and availability of suitable properties are all contributors to these figures. The UK has a long-standing housing shortage, which may be pushing families into private rental accommodation. It is interesting to note that the highest figure is for families with just one child, implying that the eventual tenant ambition is to own their own home.
If you’d like to discuss the private rental market in Cardiff and surrounding areas, do give Heather and Leanne a call for even more focused information on 02920 561 111 or email firstname.lastname@example.org