Hi ,
We hope you’re feeling well-rested and full of trifle after the jubilee weekend. 🍰 Fun fact: did you know that house prices are now more than 130 x more than they were when Queen Elizabeth II ascended the throne in 1952? 👑
Did you know?
Another thing that’s getting older is the UK’s average tenant age. It’s forecasted that by 2035, 27% of all privately rented households will be headed by a person over 55. This trend directly correlates with an increasing demand for bungalows in the rental market, which is set to
triple in the next 10-15 years.
The number of older tenants in the private rental sector is growing due to an ageing population and the low maintenance associated with renting versus buying. There are plenty of pros to renting to older tenants too, for example, they’re more reliable, they opt for longer tenancies and they’re
more likely to take care of the property.
If you’re considering adding more bungalows 🏡 to your property portfolio, you can use our sales heat map tool to find high-yield locations by property type.