Over the last 10 Years the lettings market in England has seen dramatic changes, along with people's attitudes towards renting. Approximately 12% of all privately owned residential properties are let and this figure is set to increase. With a prediction of 5 million new homes being needed within 20 years and many of these will be available for the private rental market.
The residential lettings and property management market is set to keep on growing, some of the reasons are given on the following list.
More and more people are unable to obtain mortgages so renting is their only option. UK - ALA