3 Jun

Demand set to rise for houses to rent in Norwich?

Demand set to rise for houses to rent in Norwich?

First-time buyers' difficulties in raising the deposit necessary for houses for sale in Norwich may boost demand for rental homes in the city.

The property market has created a generation of renters, according to research by the National Centre for Social Research.

Commissioned by the Halifax, the report found that almost half of 20-45 year olds believe renting will become the norm, potentially creating the need for more houses to rent in Norwich.

In addition, 64 per cent of non-homeowners from that age bracket believe they will be unable to invest in their own home.

Only five per cent of respondents claim to be making sacrificed to save for a deposit, suggesting the majority will remain in the rental sector.

Property to rent in Norwich may appeal to those who wish to maintain an active lifestyle.

The city's flat and scenic surroundings make it an ideal city for workers who enjoy walking or cycling to work.ADNFCR-1222-ID-800567289-ADNFCR

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