14 Oct

Renting 'is a flexible option for many'

Renting 'is a flexible option for many'

Independent estate agents may be interested to read the viewpoint of one property expert who believes that rental accommodation is providing flexibility for many people.

Steven Hilton, spokesperson for the National Landlords Association, said that his organisation - which has 13,000 members - has long campaigned for an end to the popular assumption that renting is somehow inferior to property ownership.

His comments follow the publication of a report by Spareroom.co.uk, which revealed that the average age of renters has increased by three years since 2008 to 28.

"People don't necessarily want to commit to the long-term investment of home ownership," stated Mr Hilton.

This news comes after Abbey Mortgages recently reported that many Britons would be better off purchasing a house rather than continuing to rent, except for those living in London.

The firm claimed that 1.61 million people could save a collective £1 billion by buying a property within the next year.ADNFCR-1222-ID-19409593-ADNFCR

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