Many young people have little choice with renting
Yet more evidence, if it was needed, of why the market is so strong for landlords with buy to let insurance and why there is little to suggest any imminent change.
If anything, the rental market seems likely to be getting even stronger - although the current high rents are deterring many.
Research released by Shelter reveals an entire generation priced out of a home of their own.
The survey looked at how the cost of housing affected 18-34 year olds and found that almost a quarter (22%) had no choice but to live with parents.
While a third (31%) have had to stay living with a partner because they could not afford to live apart - or know someone who has.
Campbell Robb, Shelter’s chief executive, said: “Yes housing has always been a major expense, but never before has a generation been faced with having to pay such a high proportion of their spending on a home of their own, whether renting or buying. And what is so heartbreaking is that we are not just talking about this generation, but about future generations too unless we see some fundamental and immediate changes.”
With high rents pricing out many from the sector, perhaps there is an opportunity here for some landlords - particularly those who have focused on the student sector - to perhaps realign their business model and offer accommodation at more attractive prices.
But with finances so stretched, landlords would be wise to consider taking out rent guarantee insurance just in case their tenants found payments too much.


