A fifth of renters want to buy by late 2026

Zoopla’s Monthly Consumer Tracker shows there has been an increase in the proportion of households looking to buy amongst renters and existing homeowners compared to a year ago.

The portal says this is due to households delaying decisions in the face of higher mortgage rates in recent years, expectations that base rates will be cut in 2025 and rising incomes will further improve affordability.

Over a fifth of renters want to buy a home having seen the cost of renting rise rapidly over the last two years. Renters buying homes are the driving force for the first-time buyer market which will be the largest buyer group once again in 2025.

Just under a fifth of homeowners want to move in the next two years while a quarter have no immediate plans to move and are keeping a close watch on the market should circumstances change.

Read the full article at Landlord Today