More families opting to rent

Andy Young the Chief Executive of TBMC comments on the increase in families opting to rent -
“One of the most noticeable trends since the beginning of the year is the growing proportion of
families who are renting accommodation. In quarter three 65% of tenants were families compared
with just 41% in quarter one. This reflects the continuing difficulties that first time buyers are
having getting a mortgage, putting them off purchasing their own home until later on in life. Renting
is also a more preferable option for families who want flexibility in terms of where they live. ”

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