Many tenants seem resigned to being stuck in the rental sector for the long term, a Go.Compare Home Insurance survey shows.
Six in 10 reckon they’ll never get on the property ladder, while surprisingly more than half (52%) think owning is no longer important.
Such data suggests that there will be a rise of older tenants in future.
Nathan Blackler, home insurance expert at Go.Compare, said: “It’s disheartening to find that the majority of renters and residents who don’t yet own a home don’t believe they ever will due to the current economic climate and the shape of the housing market.
“Despite this, it’s still a goal that most want to achieve, which is why more needs to be done about the issue.
Source :Propertywire
