Press release -
Just 9% of tenants move due to rent rises
Updated data* from landlord insurance specialists Cover4LetProperty reveals that wanting more space is the key reason for 20% of private renters moving between rented properties.
The survey wanted to find out the reasons why a private tenant typically moves from one rented property to another and to see whether the move is influenced by the landlord and / or the property - or by other circumstances.
The study showed that those respondents who have moved from one rented property to another because of the following reasons …
- 38% moved to a different area;
- 20% wanted more space;
- 9% moved due to the property being in a bad condition;
- 9% also cited the cost of renting as the reason why they moved;
- 7% said they moved as they weren’t allowed a pet.
Other reasons included not getting on with their landlord (4%), other tenants (4%) or neighbours (4%); managing to save up for their own home; and landlords selling up.
Ends
*Independent study carried out for Cover4LetProperty by Usurv 22.05.18
Topics
- Building, property
Categories
- rental costs
- renters habits
- rent increases
- private rented sector
- private rental sector stats
- long term let
- let property
- landlord insurance
About Cover4LetProperty
With roots going back to 1946, our clients can benefit from many years’ experience in the landlord insurance marketplace. We are independent intermediaries and act on behalf of our clients in arranging their buy to let and unoccupied property insurances. Our service includes advising clients on their insurance needs, arranging insurance cover with insurers to meet those requirements and help with any ongoing changes that have to be made to their landlords insurance policies.
Contact: Stella Hulott, Speedie PR, Tel: 01843 831088, email: stella.hulott@speediepr.co.uk
