Today, half of the UK generation prefers to stay on rent, since buying
homes have become difficult, living on rent is the only way out.
However, seeing a marked increase in this trend, landlords, especially the private rented sector's landlords have got a chance to exploit the desperate and vulnerable tenants by charging from them exorbitant rent.
Research from the Joseph Rowntree Foundation predicts that 1.5 million between the ages of 15-30 opting to live in private rented houses by 2020.
While the country faces a surge in the number of people needing housing facilities, there aren't that many houses prepared, even those prepared are not affordable, paving way for private renting sector to grow at an unmanageable pace, and an only next best option to live. Now, since even that is becoming unaffordable for people to stay as tenants, social housing or housing associations, is a sole silver lining for this generation of tenants.
These housing associations could help solving the scenario. They could purchase and develop new homes. This would help them meet the needs of the young people and low and middle-income families.
These housing associations also provide a quality rented accommodation, thereby being best possible alternative for UK's Generation rent.
However, seeing a marked increase in this trend, landlords, especially the private rented sector's landlords have got a chance to exploit the desperate and vulnerable tenants by charging from them exorbitant rent.
Research from the Joseph Rowntree Foundation predicts that 1.5 million between the ages of 15-30 opting to live in private rented houses by 2020.
While the country faces a surge in the number of people needing housing facilities, there aren't that many houses prepared, even those prepared are not affordable, paving way for private renting sector to grow at an unmanageable pace, and an only next best option to live. Now, since even that is becoming unaffordable for people to stay as tenants, social housing or housing associations, is a sole silver lining for this generation of tenants.
These housing associations could help solving the scenario. They could purchase and develop new homes. This would help them meet the needs of the young people and low and middle-income families.
These housing associations also provide a quality rented accommodation, thereby being best possible alternative for UK's Generation rent.
