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The number of recent renters falls as more young people stay at home with their parents

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The number of recent renters falls as more young people stay at home with their parents within the face of soaring costs and falling supply

  • Research shows 4.6 per cent of properties went to first-time renters this 12 months 
  • Tenants are feeling the pressure as landlords sell up ahead of no-fault evictions 

The Hotel of Mum and Dad remains to be in high demand because the proportion of recent tenancies going to first-time renters has fallen.

Research shows that only 4.6 per cent went to those entering the marketplace for the primary time to this point this 12 months. This compares with 6.1 per cent in 2015, said estate agent Hamptons.

Tenants are under pressure from rocketing rents and falling supply as 1000’s of landlords sell up ahead of recent rules banning no-fault evictions.

Tenants are under pressure from rocketing rents and falling supply as 1000’s of landlords sell up ahead of recent rules banning no-fault evictions

Aneisha Beveridge, of Hamptons, said: ‘Young adults are staying at home longer to save lots of up, with some skipping the rental market entirely and happening to buy a house as an alternative.’ 

Across Britain, the common monthly rent for a newly-let property last month was £1,258, a rise of 9.1 per cent on 2022.

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