October 4, 2022

JLL survey, performed in July this 12 months the cost-of-living disaster and the Pandemic have compelled tenants to rethink property priorities

The survey, taken by greater than 950 people, focuses on personal out of doors house, proximity to leisure, leisure, vitality effectivity, and the working prices of the house.

Because the Pandemic, the demand for proximity to outdoors areas has been on the rise with 52% of respondents saying that outdoors areas have been vital when deciding on a tenancy and 51% of tenants inserting larger significance on shared inexperienced areas resembling parks. Over 30% of respondents stated they might be keen to pay extra for personal outdoors house.

In addition to inexperienced areas, most respondents felt residing extra centrally was higher, preferring metropolis or city centres over suburban areas. This response was fuelled by neighbourhood facilities resembling pubs, eating places, cafes, retailers, and public transport.

Over half (51%) of respondents thought of proximity to public transport as more and more vital for the reason that Pandemic, in addition to the gap from dwelling to the office.

Furthermore, for the reason that begin of the cost-of-living disaster, vitality effectivity has additionally been flagged as vital when deciding on a tenancy with 66% of respondents score vitality effectivity and the working prices of the house as extra vital than ever earlier than.

JLL claims that for the reason that vitality value cap is predicted to extend in October, tenants will likely be paying much more consideration to the effectivity of their rented houses, particularly for the reason that majority of tenants already spend between 30-40% of their earnings on lease.

This focus might assist landlords promote energy-efficient new or lately constructed houses.

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