Average Age Of The Private Renter
The latest market snapshot produced by PropTech firm Goodlord suggests that even in the south west of England – where renters are at their oldest – the average age of the private renter is still in the low 30s.
The youngest renters can be found in the north west of England, with an average age of 32 years.
The market snapshot also looks at rents: average prices increased in half of the regions in January, although there was an overall drop in the average UK rental cost.
It was positive news for rental prices in Greater London, the north east, north west, and south east, where prices either held steady or saw a modest increase during January. The north west saw the biggest shift, with average prices rising by five per cent.
However, it was a different picture in the East Midlands, West Midlands, the south west and Wales, where the average cost of rent was down compared to December.
Overall, the UK average rental cost dropped from £902 to £874, demonstrating a sluggish start to the year for the market.
It was also a mixed picture for void periods; the average held steady compared to December, but four regions saw an increase in void periods.
Across the UK, the average rate of voidage held steady at 20 days – the same rate as December.