Property Facts

Is Distance To Work A Key Criteria For Renters?

  • Closeness to work is often cited as a key determining factor for tenants in selecting rental accommodation.
  • Analysis of tenants moving into homes in 2018, has revealed that almost 70% of tenants live within 10 miles of their workplace, with a third living within two miles.

  • There are marked regional differences in this trend. While in London just 23% of London tenants live within two miles of work, in Yorkshire and the Humber, this rises to 37%.
  • Improvements in technology and an increased ability and tendency to work from home, have opened up new opportunities. Indeed 10% of tenants live more than 50 miles from work.

Have a property in Birmingham or the surrounding area? Interested to know the potential Sales or Rental value of your property? – use our FREE instant Online Valuation tool to give you a guide in less than 60 seconds:

James Forrester
James Forrester MD of Barrows & Forrester Property Group and Author of The Birmingham Property News Blog.
http://www.birminghampropertynews.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *