PropertyQuoteDirect Take a Look at Generation Rent

Informations

• Publié par: propertyquotedirect
• Nombre de lectures: 10
• Langue: English

Extrait

PropertyQuoteDirect Take a Look at Generation

Rent

PR Newswire

LONDON, June 18, 2012

LONDON

,

June 18, 2012

/PRNewswire/ --

PropertyQuoteDirect have been considering the very real possibility that over a

million people aged under 30 years old will be unable to buy property and will

therefore be forced to rent by the end of the decade. This is thus likely to flood

the rental market which could then in turn increase the price of rent.

With a predicted 1.5 million extra under 30s unable to get onto the property

ladder by the year 2020, the rental market is likely to become even more

overcrowded than it is today.

PropertyQuoteDirect, a leading

landlord insurance

website, have offered

their view as Joe de Vries explained: "These predictions are quite alarming. With

over 1.5 million extra people coming onto the rental market, a vast number of

additional properties will need to be supplied in order to cope with demand.

Many existing landlords may already be looking to expand their portfolios with a

view of making a long term profit towards the end of the decade."

PropertyQuoteDirect hopes rent will not rise by a substantial amount and it is

believed that it will be more than possible for landlords and tenants to make

rent more affordable and stable. Mr de Vries added: "It is extremely important

that we avoid a situation where rents rise sharply due to sheer volume of

demand."

PropertyQuoteDirect have warned that with further squeezes on salaries,

increasingly unaffordable rents and an increased difficulty when saving for a

deposit, a large number of people may well struggle financially for the

foreseeable future. The state of the economy and the housing market is really

rather unforgiving at the moment.

PropertyQuoteDirect

is part of Bedford Insurance Services and they offer

more than just landlord insurance as they also offer property insurance deals

too. If you'd like to request a quote simply visit their website today.

Contact:

Joe de Vries

[e-mail]

[phone]