{"id":21244,"date":"2018-09-17T15:30:00","date_gmt":"2018-09-17T14:30:00","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=21244"},"modified":"2018-09-17T15:30:00","modified_gmt":"2018-09-17T14:30:00","slug":"survey-shows-uk-millennials-prefer-city-centre-living","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/09\/17\/survey-shows-uk-millennials-prefer-city-centre-living\/","title":{"rendered":"Survey shows UK millennials prefer city centre living"},"content":{"rendered":"

Living close to work or university is a key priority for renters, especially among young professionals, showing the continued demand for rental properties in city centre locations.<\/strong><\/p>\n

GoCompare, a comparison website, has recently gathered data on tenants<\/a> and landlords across the UK. The tenants were surveyed on what they deem important in rental properties<\/a>, and then statistics were gathered on what landlords are offering on Rightmove.<\/p>\n

The data on tenants were collected from 1,000 renters across one month, and it was compared to 1,546 rental listings on Rightmove. Although this is a small proportion of the overall UK property market, it highlights the importance of targeting the right location and amenities that attract UK tenants.<\/p>\n

What features millennials prioritise in rentals<\/h4>\n

In GoCompare\u2019s survey<\/a>, the vast majority of millennials stated it was very important or at least somewhat important to rent a property close to their work or university, typically in prime city centre<\/a> locations. In fact, 47.83% of tenants aged 18 to 24 found living near work or university very important, while 44.22% of renters aged 25 to 34 said it\u2019s somewhat important. On top of that, 44.44% of all the renters surveyed thought close proximity to social activities, restaurants, and bars are somewhat important. Young adults especially prioritised it with 50.43% of tenants aged 18 to 24 deeming it somewhat important and 50.58% of the 25 to 34 age range.<\/p>\n

The statistics also suggest younger renters are wanting to rent one or two-bedroom homes or flats instead of studios. Forty percent of tenants aged 18 to 24 said the number of bedrooms<\/a> in a rental is very important and 45.38% of tenants aged 25 to 34 agreed. Additionally, it\u2019s been forecasted that eco-friendly investments<\/a> might attract more millennials to your property, and many young adults aged 25 to 34 prefer unfurnished rentals<\/a>. It\u2019s important to cater to tenant demands to attract and retain UK renters to your buy-to-let property.<\/p>\n

Overall, tenant demand<\/a> has increased while supply has fallen, creating openings in the rental market. Numerous studies have shown city centre living is extremely popular among young adults, highlighting why buy-to-let investors should prioritise modern accommodation in city centre locations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Living close to work or university is a key priority for renters, especially among young professionals, showing the continued demand for rental properties in city centre locations. GoCompare, a comparison website, has recently gathered data on tenants and landlords across the UK. The tenants were surveyed on what they deem important in rental properties, and… Read more »<\/a><\/p>\n","protected":false},"author":1982,"featured_media":21248,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4,6],"tags":[82,341],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/21244"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1982"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=21244"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/21244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/21248"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=21244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=21244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=21244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}