BuyingDemand for lettings soars - young workers fly nest
A renewed determination for graduates to gain independence has driven a surge in demand for lettings accommodation, according to a poll by lettingsearch.co.uk.
Of those looking for new lettings accommodation in January, 30% are offspring taking steps to move out of the parental home having secured their first job.
Lettingsearch.co.uk said the first two weeks of January proved the busiest time for potential tenants searching for a new lettings property with a 39% recorded spike in traffic in January so far.
And it seems the a start of a new year has spurred on many others to move; in second place are those wanting to move to a different area for lifestyle or work-related reasons (19%), closely followed by tenants looking to move in with a partner (18%).
It is thought that families largely make up the 16% who want more or less space or different facilities. However, all is rosy with existing house and flat sharers with only 4% of housemates wanting to go their separate ways and only 2% wanting to live with different friends.
Phil Calderbank, Director at lettingsearch.co.uk, said: "The latest Government figures show an increase in young people obtaining work at end of 2009, which has played a part in shaping some firm resolutions from this group to start the year on their own two feet.
"Growing families also perhaps realise after time together over the Christmas break that they need more space or see the start of the year as a time to move to a different area to improve their quality of living, register with good schools or begin a new career."