25 Apr

Renting 'must lose stigma'

Renting 'must lose stigma'

The notion that home ownership is somehow more esteemed than renting should be negated, an organisation said.

Different consumers benefit from various types of tenure, the Chartered Institute of Housing stated, so renters should not be looked down on.

The circumstances of every individual must be taken into account when they are looking at the property market, director of policy and practice at the body Richard Capie suggested.

He explained: "What matters is affordability and a home that meets individuals' and families' circumstances."

And people's financial situations could change while they are on various stages of the ladder, head of policy at the organisation Abigail Davies noted.

She added that the "stigma" attached to the rental industry ought to be removed if the market is to progress.

Life could change while people are on various sections of the ladder, Ms Davies noted, in terms of finances.

According to the British Property Federation, the availability of more professional rented accommodation could aid affordability issues in the wider market. ADNFCR-1222-ID-18568793-ADNFCR

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