{"id":1394,"date":"2016-10-19T07:00:31","date_gmt":"2016-10-19T06:00:31","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1394"},"modified":"2023-09-26T14:20:28","modified_gmt":"2023-09-26T13:20:28","slug":"property-rentals-sales-first-time-since-1930s","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/property-rentals-sales-first-time-since-1930s\/","title":{"rendered":"More property rentals than sales for first time since 1930s"},"content":{"rendered":"

As first-time buyers continue to struggle to get onto the housing ladder, forecasts suggest that 2017 might be the first year in eight decades where property rentals will outstrip property sales.<\/strong><\/p>\n

With the cooldown after the Brexit<\/a> vote, the lack in supply<\/a> and the increase in prices<\/a>, activity in buying property has experienced a slow dip as of recent, the UK\u2019s largest estate agent, Countrywide, has revealed.<\/p>\n

Johnny Morris, research director at Countrywide, said: \u201cAs some would-be buyers and sellers sit on their hands, Brexit-induced uncertainty has continued to boost the rental market \u2026 September saw record activity, with increasing numbers of lets agreed and tenants choosing to renew their contracts. On current trends 2017 could be the first time since the 1930s that more homes are let than sold.\u201d<\/p>\n

Being able to buy a home is becoming increasingly more difficult<\/a> for would-be buyers with prices going up steadily.<\/p>\n

September\u2019s Rent Update: Price growth eases further<\/a><\/p><\/blockquote>\n