Spike in demand for lettings accommodation as youth employment rises

Spike in demand for lettings accommodation as youth employment rises




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A renewed determination for graduates to gain independence has reportedly driven a surge in demand for lettings accommodation. 

A recent poll conducted by lettingsearch.co.uk revealed that of those looking for new lettings accommodation in January, 30% are offspring taking steps to move out of the parental home having secured their first job.

 

The lettings portal also said the first two weeks of January have proved the busiest time for potential tenants searching for a new property, with a 39% recorded boost in traffic in January so far.

 

The start of a new year seems to have spurred on many others to move; in second place are those wanting to move to a different area for lifestyle or work related reasons (19%), closely followed by tenants looking to move in with a partner (18%).

 

It’s thought that families largely make up the 16% who want more or less space or different facilities. However, all is rosy with existing house and flat sharers with only 4% of housemates wanting to go their separate ways and only 2% wanting to live with different friends.

 

Phil Calderbank, Director at lettingsearch.co.uk, comments: “The latest Government figures show an increase in young people obtaining work at end of 2009, which has played a part in shaping some firm resolutions from this group to start the year on their own two feet.

 

“Lettingsearch.co.uk has seen record numbers of searches made during December and at the start of the year as tenants wanted to be first in line for the best and most competitively priced properties.”

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