Reasons why tenants rent certain properties in the United Kingdom (UK) in 2020

Published by Statista Research Department, Jan 27, 2022
Tenants in the United Kingdom (UK) in 2020 had a range of reasons as to why they liked to rent. 48 percent of the tenants surveyed liked to rent because renting allowed them not to worry about repairs while a smaller percentage of 19 percent of renters enjoyed the independence they got while renting.

About 31 percent of renters in the UK expressed that they lived in areas where they could not afford to buy a house. The house price to rent ratio has steadily increased in the United Kingdom since 2015 which makes renting the cheaper option for many tenants.

Key factors that influence tenants' preference for rental properties in the United Kingdom (UK) in 2020

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Source

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Release date

November 2020

Region

United Kingdom

Survey time period

2020

Number of respondents

2,000 respondents

Supplementary notes

The source included that nearly 2,000 tenants in the Private Rented Sector (PRS) across the country were surveyed about their experiences of renting in the generation of this report.

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Introduction

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Rental properties

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Rental prices

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Landlords

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Tenants

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