UK property rental growing at the expense of sales market

[Nicholas Wallwork]

Countrywide, the U.K.’s largest estate agency chain, has today issued a report suggesting that the number of properties rented in the UK will outstrip the number of property sales in 2017. This would be a phenomenal turnaround in the UK market which has predominantly been a sales lead market until recently. There would appear to

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[PostBrexitInvestor]

Under normal conditions this should be a short-term phenomenon but when you bear in mind the ever-growing cost of UK property, could this be the long-term picture? Let’s not forget that until just recently countries such as America were predominantly rental as opposed to property purchase.

 

[O Andrew]

This is really tremendous change in property world.
Will this effect on UK's economy?