Fifth of householders in Worthing turn to rental market

W52100H12-renting - W52110H12-renting  201212  LP''Picture to go with story on renting. Mike Ablett (director) is calling for longer tenancy contracts on rented property to give people more security, as more people turn to rent their homes. Northwood Estate Agents, Worthing.
W52100H12-renting - W52110H12-renting 201212 LP''Picture to go with story on renting. Mike Ablett (director) is calling for longer tenancy contracts on rented property to give people more security, as more people turn to rent their homes. Northwood Estate Agents, Worthing.

A lettings agent has called for longer tenancy deals for renters after the latest figures show Worthing has one of the highest proportions of rented households in the UK.

The statistic, released this month, was part of a report compiled by Shelter using information from the 2011 census.

It shows Worthing as having 9,102 rented properties – a proportion of nearly a fifth and a 61 per cent increase on the 2001 census data.

This figure puts the area in the highest 20 per cent in the country in terms of the ratio of homes being rented.

The number of households with mortgages is also down 12 per cent, in line with national trends.

As a result of the growing rental sector Mike Ablett, director of Northwood lettings agents in Chatsworth Road, is calling for longer tenancy contracts of around five years to provide more security.

For the full story, see the Worthing Herald, out Thursday, December 27.