PRS now fastest growing property sector

complaints about agents rise
Letting agents made up the bulk of complaints to The Property Ombudsman in 2017.

Analysis from Savills reports that the private rented sector (PRS) within the UK is now worth a staggering £1.29 trillion. This means that the sector’s value has now passed that of the mortgage-owned occupier stock for the first time. The growth in the market is due to a number of factors, with a key reason being a change in attitudes towards home ownership. A third of British renters are now classed as ‘satisfied tenants’ – renters that harbour no ambition to buy property in the next five years, and who prefer the flexibility that rented accommodation provides.

Full story available from the Select Property Group:

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