Recent figures show that approximately 19% of households in the UK are living in properties owned by the private rental sector, with a further 16% living in social housing, making a combined total of approximately 35% of all households renting. In the thriving Market Town of Bridgewater in Somerset the numbers of households living within the Private Rental Sector are currently recorded at 24.3% with a further 20.1% of households living in the social rental sector. That’s only just under half of the local population of just over 41,000 inhabitants choosing to Rent rather than to Buy!
With an experienced, professional, reputable, Letting Agents Bridgwater such as www.sykesmoore.co.uk/lettings/letting-agent/ based in the Town maybe there’s a valid reason why so many individuals, couples and families are choosing to live in properties in the Rental Market rather than opting to buy their own properties. Landlords who currently have properties looked after by this Team of consummate professionals are ensured they will receive the highest Rental price, and the shortest vacancy times possible. Another valid reason why so many families are choosing not to buy is the higher cost of homes in the area.
The majority of houses that sold in Bridgwater over the last year were terraced properties, selling for an average price of £205,482, then Semi-detached properties, which sold for an average of £251,280, and detached properties fetching £354,191!
