Our doors may be closed, but we’re still here for you. In line with government advice on the outbreak of Coronavirus (COVID-19), all our Ellis & Co branches will be temporarily closed until further notice. The health and safety of our staff and customers is, of course, our number one priority. But while we might not be able to see you, we are still here if you need us. The Ellis & Co teams are all working remotely, ensuring we can provide continuous support for all our customers. Please email your nearest branch directly through the website and, most importantly, stay safe and healthy during these difficult times

Many 25-to-45 year olds 'permanent tenants' forecasts one economist

Many 25-to-45 year olds 'permanent tenants' forecasts one economist

"A large proportion of 25 to 45 year olds will be permanent tenants rather than buyers," a senior economist has predicted.

Tony Williams of the Building Value property consultancy - one of the participants in a regular survey on the housing market conducted by Reuters - has told the news agency that despite a slowdown in the rate of house price inflation, "the house price to earnings ratio remains around 5.5 times against a long term average of 4.25 times," meaning many of today's tenants will remain in the private rental sector.

Reuters says nearly all respondents said Brexit would hurt house prices as well as turnover; just over a third of the economists anticipate a price fall in the sales market in 2017.

 


Article courtesy of Letting Agent Today | Sign up for Letting Agent Today newsletter | Get this news on YOUR site!