Most tenants happy renting their home
Research reveals that 75% of tenants say they are happy renting their home.
The findings come from Landbay which highlights that just 25% of tenants are interested in buying their own home in the near future.
The research also reveals that 33% of tenants say they are happy to rent forever and are content with their situation.
However, more men than women say they are happy to rent forever; 36% of men said so, compared with 30% of women.
When the age ranges are broken down, older tenants say they are the least interested in buying, with 64% of those aged over 55 saying they are happy to remain as a tenant. And just under 33% of those aged between 35 and 54 say they want to own a home.
'Renting brings more flexibility than homeownership'
Landbay's chief executive, John Goodall, said: "Renting brings more flexibility than homeownership and with uncertain house price growth, renting remains an option for a lot of people.
"It's clear that those who choose renting are happy and would like to do so forever."
He added: "Homeownership as a financial hurdle and is a stretch for many and they don't want to make a commitment. Owning a home isn't the right choice for some and it's why the PRS should be supported to house a growing number of private sector tenants."
East Midlands' landlords are the most optimistic for yields
Meanwhile, the regions where landlords are most optimistic for rental yields have been analysed with the East Midlands offering the highest proportion.
According to Paragon, 50% of landlords there are the most optimistic for enjoying high yields.
The second most optimistic landlords are to be found in Yorkshire and Humber with 46%, followed by landlords in the South West with 45%.
The lowest number of landlords who say they expect positive rental yields are to be found in Wales, with 29%, followed by the North East on 32% and London landlords on 34%.
John Heron is Paragon's managing director, and he said: "Despite the positive picture, it's clear landlords are feeling bruised.
"The data shows that tax changes have led to landlords pulling back from the market and for them to focus on yields."
The landlords who report the highest average rental yields are to be found in the East Midlands and Yorkshire and Humber with 6.1%.
In addition, 31% of landlords in the East Midlands also say they expect to enjoy the highest capital gains.
The lowest average rental yields are to be found in London at 5.1%.
