Cost and location are key factors for tenants

Cost and location are the two key factors that influence property choices for more than four out of five tenants

The latest survey from a specialist landlord insurance firm confirms what many in the industry will have known for a long time – cost and location are the two key factors that influence property choices for more than four out of five tenants.

The survey by Cover4LetProperty reveals that:

– 86 per cent of respondents feel cost is the determining factor when choosing a rental property;

– the same percentage say location is key;

– ease of parking and whether the property has a garden were both classed as equally important by 44 per cent of renters;

– 32 per cent rate getting on with the landlord is less important than the décor;

– 20 per cent say pets being allowed is a key factor;

– two per cent say accessibility is a key influencer.

Cover4LetProperty does this survey twice a year and director Richard Burgess says: “There’s been a slight shift in priorities over the last six months, with the cost and location both again being the most important consideration for prospective renters.”


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Written by: Houseladder