People in the UK are becoming more inclined to rent property instead of buy, it has been suggested.

A new report from the Association of Residential Letting Agents (Arla), has shown that young adults are twice as likely to use landlord services and rent a property compared to the previous generation.

The survey questioned people aged between 18 and 30 years old and found that eight per cent of people did not think it was important to own their own property, with 21 per cent claiming that they hoped to continue to take out tenancy agreements indefinitely, the Telegraph reports.

Ian Potter, operations manager of Arla, explained that this represents a generational notion of wanting to be free of ties.

"Attitudes towards renting have changed in the UK,"Mr Potter said.

"Today's graduates, more than ever, are looking for work that involves travel and opportunities to move around, renting allows them to operate more freely in a flexible job market,"he added.

The average cost of renting a property in the UK currently stands at £825 per month, according to the FindaProperty.co.uk Rental Index.

Written by Claire DoyleADNFCR-2002-ID-19290868-ADNFCR

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