Landlords believe renting is increasing in popularity, according to research by the Association of Residential Letting Agents (ARLA).
In ARLA’s survey of Q4 2010, 71% of landlords asked said they felt renting was more popular now than a year ago. In Q4 2009, the figure was 35%.
When asked about attitudes to renting and whether consumers would rather buy than rent, 67.2% felt that people were being forced to rent – a slight drop on the previous quarter (71.6%), but still up on Q4 2009 (54.2%).
Ian Potter, operations manager of ARLA, said: “Our research suggests that