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High rental demand 'a long-term trend'
10/11/10
Edited by Bob Witham.The rising demand for rented housing currently being seen across the UK is part of a "long-term trend", according to one expert.
Chris Horne, editor of housing website Property Hawk, said many people are being forced to let accommodation because they are priced out of buying a home - and that situation will not be rectified soon.
Furthermore, there is an emerging generation of graduates who are coming out of university with high levels of debt.
This group would normally be "obvious first-time buyers", but their financial burden means their ability to take on a mortgage - as well as lenders' willing to provide the finance - "is in question in the short term".
"These people will rent and rent for longer, so I think [rising demand] is part of an ongoing trend," he added.
Mr. Horne's comments come after a survey for Upad showed 54 per cent of landlords were more confident about the outlook for the rental sector for November than they were for the previous month.
