Arla reveals the rental generation
Today's 18 to 30-year-olds have been described as a "generation of renters" in a new study by the Association of Residential Letting Agents (ARLA).
After surveying 1,800 people, the organisation was able to reveal that around a third of this agegroup have rented three or four properties in their lifetimes, while 17.5 per cent of Generation X had rented a similar number of homes at the same age.
Generation X is a widely-used term for those who were born in the 1960s and 1970s - after the baby boom ended.
Of those between the age of 18 and 30 who currently live in rented accommodation, 34.2 per cent suggested that they enjoy independence from property ties.
Indeed, they may find that property to rent in Wandsworth and flats to rent in Eltham, for example, are suitable for their current lifestyles.
Ian Potter, operations manager at ARLA, said: "Attitudes towards renting have changed in the UK and perhaps we're becoming more like our fellow Europeans, who tend to rent rather than buy."
Renting has generally appeared more socially acceptable in countries such as France and Spain.
Written by Chris Price
Published 4th August, 2009
© 2009 Estates IT Limited
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