High rents lock tenants in their homes and slow market

Renters are 'Flathugging' Fearing Rent Increases

According to a report by property rental website SpareRoom, over half (56%) of UK renters are ‘flathugging’, staying put in their current rental properties despite wanting to move. The top three deterrents to moving are the lack of available housing within budget, the shortage of rental supply, and stiff competition from other renters. Close to half (45%) of renters have actively avoided contact with landlords or agents in the past year, largel…

High rents lock tenants in their homes and slow market

Despite wanting to move, soaring rents and tight supply are forcing tenants to stay put.