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
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Lewisham celebrates apprenticeship scheme
The London borough of Lewisham was out with intent to party on Wednesday night (May 15th) with the community celebrating the success of more than 50 apprentices as part of its Apprenticeship Framework scheme.
Read Article ... Published on 17th May, 2013
Community heroes get Hammersmith & Fulham recognition
Unsung heroes residing in the London borough of Hammersmith and Fulham yesterday (May 15th) received their deserved recognition at a special celebration last night to honour special contributions to the community.
Read Article ... Published on 16th May, 2013
Ealing encourages apprenticeships with new scheme
Ealing council is taking a step towards helping local young people in need of a job throughout the London borough, with the advent of a new programme that will see local businesses encouraged to hire young people as part of its apprenticeship scheme.
Read Article ... Published on 15th May, 2013
Greenwich to host Tall Ships Regatta 2014
The Royal borough of Greenwich has this Sunday (May 12th) signed an agreement that will see the district play host to the first Tall Ships event in 25 years.
Read Article ... Published on 14th May, 2013
Knightsbridge: For luxurious living
Living in Knightsbridge offers luxurious living at its best. Despite humble origins, the district has become reputable for two things - firstly for being one of the two international epicentres of London (the other being the West End). And secondly, its array of affluent department stores including Harrods, Harvey Nichols and the plethora of elegant stores in Sloane Square and Beauchamp Place, have made it the envy of the world when it comes to shopping.
Read Article ... Published on 13th May, 2013
New Islington mayor promises fairer borough
The newly appointed mayor of Islington has pledged that the area will become a "fairer" place for all residents under his watchful eye.
Read Article ... Published on 10th May, 2013
Hammersmith housing project announced
People residing in the London borough of Hammersmith and Fulham could soon be seeing a lot of new faces around their local area, with the council having just approved one of the most ambitious housing projects in history for the district.
Read Article ... Published on 9th May, 2013
Hackney youth encouraged to kick the smoking habit
Councillors of the London borough of Hackney have come up with a novel and creative way to get young people in the district to stop smoking - by asking young people to explore the subject on a local level by means of a two minute film.
Read Article ... Published on 8th May, 2013
Holland Park: Absolutely Fabulous living
If you prefer rural living with all its trees and lakes to London's urban 24-hour lightshow, then you're unlikely to be pleased with much of what the capital has to offer. However, for those wishing easy access to the centre of town and a quieter lifestyle, there is Holland Park.
Read Article ... Published on 7th May, 2013
Twickenham Alive festival garners praise
Twickenham Alive, the first film festival to be held in the London borough of Richmond, received a storm of acclaim last week, attracting 400 viewers and more than 100 entries for the 11 film categories.
Read Article ... Published on 3rd May, 2013
People currently between the age of 18 and 30 have been dubbed "the rental generation".