A very interesting report released this week by a public opinion research firm, Unbiased.co.uk, indicates that an increasing number of British home owners are considering selling their own properties and moving into rented accommodation.
It seems that the trauma of the real estate crash we have just experienced has a lot of people reconsidering their housing options. Nearly two million home owners indicated that they would contemplate selling their house and renting in the near future; of these a third said it was something they would not even have thought about two years ago.
The reason given by most people who say they would consider this route is that it would be worth it for the peace of mind. It would appear that people got a thorough scare during the recent property crash and many have decided that it is just not worth the worry.
Another factor mentioned is also linked to the recession. People are saying that with the job market the way it is, renting would give them the mobility to go where the work is if they needed to.
People are clearly still quite shaken by recent events and who can blame them. It will be interesting to see whether many carry through with what would be a fairly radical move and give up their property to move into rented accommodation. Somehow I just cannot see it happening.
