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Tuesday, July 22, 2014

PRS full of older singleton tenants

The rental sector is a flood with older singletons according to research from Experian.

They have identified that the second largest group tenant type, after students, is the 35 to 55 singleton.

These Brigitte and Brian Jones's are typically renting two or three bedroom Victorian or Edwardian shared terraced properties with other singletons, despite earning approaching an average salary between £20k to £29k. Seemingly average is not enough to afford your own place.

Many of them are newly separated and are described as having a "midlife stopgap" - sadly their red Ferrari
s are on hold, whilst they take ownership of their very own shelf in a shared fridge.

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