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4 Jun

First Time Buyer Opinion Barometer - May 2015

Posted 4/06/2015 by: Reeds Rains

Tenants demand their own Minister as more are forced to rent for longer

  • More than 60% of renters favour the appointment of a Minister with specific responsibility for tenants
  • Tenants forced to defer purchasing their first property in increasing numbers, with only 11% expecting to buy by the end of the year, down from 13% a year ago
  • However, the number of completed first-time buyer transactions grows 3% year-on-year in April

Tenants would overwhelmingly support appointing a Government Minister whose sole responsibility is tenancy issues, according to the latest First Time Buyer Opinion Barometer from Reeds Rains.

When asked if they thought there should be a Minister with specific responsibility for tenants, 60.2% of respondents said  ‘yes’, compared to only 14.9% who thought it was a bad idea.

Read the full report here