Demand for rental properties jumps as would-be buyers hold off

Demand for rental properties jumps as would-be buyers hold off

Demand for rental homes has jumped as first-time buyers desert the property market because of sky-high mortgage rates. The number of people enquiring about rental properties was 23pc higher in October than during the same month last year, according to Rightmove, a property website. Many first-time buyers are looking at renting as a short-term alternative to buying but have few options, the report warned. The number of small rental homes – studios, one and two bed properties – on the …