Is the UK shifting towards a longer-term renting lifestyle?🏡

The number of rental properties within the UK property market has climbed by over 1.1m in the last decade, placing the UK in the top 10 globally when it comes to the balance between homeownership and renting.

New research from specialist rental platform, Ocasa, analysed current dwellings stock to find what proportion of the UK property market is accounted for by the rental sector, comparing this to other global nations, as well as looking at how this balance has shifted in the last 10 years.

The analysis shows that a decade ago, there were just shy of 27.5m total dwellings across the UK property market. With almost 9.4m rental properties, the UK rental market accounted for 34.2% of all dwellings. To continue reading, please Click Here

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At first glance, UK house prices rising tens of thousands of per cent since 1900 look absurd. But annualised over 126 years, growth averages around 4.5 to 5 per cent a year. It is not sudden surges but steady compounding that drives values higher, showing property rewards time in the market more than attempts to time it.

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