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Property Industry News

Renting highly likely to sustainably increase


Leading Liverpool agent gives thoughts on the latest in the property market

Renting highly likely to sustainably increase


"There is also the added scenario of an increase in the number of people unable to gain a mortgage should they lose their job."
Helen Griffin-Booth



Since the property market opened a few weeks ago, both Rightmove and Zoopla saw an 88% increase in ''buyer demand'' according to their report and leading Liverpool property agent Helen Griffin-Booth of Bluerow Homes.

"Some have commented that with the shut down of the market for a period of time, there was always bound to be an influx of enquiries.

"That being said, the report carried out by Rightmove and Zoopla suggested that the time spent at home for many, has given food for thought as to what they want from their home in the long term," said Helen.

"The realities of job uncertainty and a likely economic slow down may pour water over these ideas. However, one item from the report which is interesting is that rental demand has seen a large increase. Moving from one rental property to another isn't as financially challenging as moving home with a mortgage.

"The future is unclear for the property market, but I think that the rental sector may hold or even see an increase, as people have spent an extended period in their existing dwellings and may want something different. There’s also the added scenario of an increase in the number of people unable to gain a mortgage should they lose their job.

"Everyone's life has changed in some way, and where they live and how they live will be something that many will have considered."

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