The average age of people signing tenancy agreements to live in rented property has grown in the last three years, new research shows.

Spareroom.co.uk has published a study that shows that private landlords are now letting out their flats and homes to people of an average age of 28.

Rising house prices that have left young people unable to get on the first rung of the property ladder were cited as the main reason for the increase in age of the average tenant.

According to the survey, Paisley in Scotland has the oldest tenants at an average of nearly 40 years old, while the typical renter in Dundee is just over 22.

Huddersfield and Aberdeen were also found to have relatively young tenants.

The average landlord rent in the UK for October is £669 per calendar month, according to Rentright's Residential Rental Price Index - up from £505 in August.

Written by Sarah FieldADNFCR-2002-ID-19404337-ADNFCR

Related posts:

  1. Attitudes towards renting ‘are changing’
  2. Private landlords commended in study
  3. Private landlords predict property prices will rise
  4. No shame in renting, young Britons told
  5. Private renting of houses ‘should be encouraged’

Leave a Reply

You must be logged in to post a comment.

HOME