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One in three tenants happy to rent for life.

'Bristol Res' Blog • 14 March 2019

One in three tenants happy to rent for life.

A third of UK renters have no plans to ever buy property,  preparing instead for life as a long-term tenant, according to new research by Hillarys.

More than 2,000 tenants were questioned, with just over a third – 35% – stating that they would be happy to continue renting for the rest of their lives.  The study from the home interiors specialist found that just over half – 52% – of tenants are happy with renting, although not all wish to be tenants for life.

Respondents were asked how long they had been renting for, with 43 per cent saying they had done so for six to 10 years and another 15 per cent saying they had been tenants for between 11 and 15 years.

Flexibility of moving home freely is cited as the main reason why 37% of people are deterred from buying property, while 27% identified affordability as the biggest barrier due to high property prices.

Some 14% of tenants said that they like not having to worry about repairs, 9% said they are not sure they would want to live anywhere permanently, while 6% said buying a property was too stressful.

The research also revealed that 97% of tenants believe that renters’ rights could be improved, while two-thirds of tenants – 63% – believe that they should be offered first right of refusal if landlords decided to sell.
Tara Hall, spokesperson for Hillarys, commented: “We hear so much about how more people have to rent long term because they can’t get on the property ladder. It’s interesting to see how many are actually happy with this. Owning a property isn’t for everyone, especially if you like not being tied down or don’t want to spend months and months saving for huge deposits.”

 

 Just lettings, just Bristol


Bristol Airport named best for its size in Europe 

This week  Airports Council International (ACI) World revealed the winners of its world-renowned Airport Service Quality Awards which recognises those airports around the world that delivers the best customer experience in the opinion of their own passengers.

Bristol Airport was awarded the title of Best Airport in Europe for airports in the 5 to 15 million passengers per annum category.

This years success builds on a similar award achieved in the smaller 5-10 million passenger category.last year after investing in infrastructure, staff training and public transport links.

The airport was also recognised for its new security search facility and its environmental strategy towards carbon neutrality.

The judges said they were “particularly impressed” by Bristol Airport’s investment in facilities to enhance the customer experience and its autism friendly initiative.

The airport is currently planning an expansion to increase in size to allow up to 12 million people to travel through each year.   The development includes proposals to build a covered pedestrian walkway at the front of the building, more parking space and changes to the road layout on the site.  It is expected that this expansion will create well over a 1000 in the local area.

 

 Just lettings, just Bristol