Why property guardianship will play a significant role in the future of the UK’s housing market

Property guardianship has been steadily gaining momentum as an innovative solution to the UK’s housing crisis in recent years. The concept of property guardianship involves placing responsible and fully vetted individuals in vacant properties, who act as temporary caretakers, maintaining the upkeep of the properties while paying affordable rates. This innovative concept has proven to be a win-win for both property owners and renters.

Recent statistics have shown that the popularity of property guardianship has risen exponentially in the past few years. In 2019, there were an estimated 7,500 guardians living in the UK, and by 2021, that number had risen to over 10,000. This growth can be attributed to the affordability and flexibility that property guardianship offers, which has become increasingly important in the current economic climate.

The future of property guardianship looks bright, with experts predicting that the trend will continue to grow. As property prices continue to rise and affordable housing remains scarce, property guardianship offers a viable solution for both property owners and renters. The concept is also gaining recognition from local councils, with many councils now working with property guardianship companies to place guardians in empty council properties.

One reason for the success of property guardianship is its flexibility. Property guardianship companies often offer short-term contracts that can range from a few months to several years. This flexibility is ideal for those who are uncertain about their future plans, whether they are relocating for work or awaiting a more permanent housing solution.

Moreover, property guardianship is an affordable alternative to traditional renting. The cost of living in the UK has been on the rise, and many people are struggling to afford to rent a home, let alone buy one. Property guardianship offers a much more affordable option. With the ability to save money on rent, property guardianship allows renters to focus on other financial goals, such as saving for a deposit on a future home.

Additionally, property guardianship offers a unique living experience. Guardians have the opportunity to live in properties that are often historic or unique, such as former schools, churches, and police stations. This type of living appeals to those who seek an alternative living experience and value community living.

Another advantage of property guardianship is the opportunity it provides for social and environmental responsibility. As guardians, individuals are responsible for maintaining the property and reducing energy consumption. This concept aligns with the growing trend towards sustainable living, as individuals can take responsibility for reducing their carbon footprint and contributing to the reduction of waste.

Property guardianship has seen exponential growth in recent years and offers an innovative solution to the UK’s housing crisis. The flexibility, affordability, and unique living experience that property guardianship offers, combined with its potential for social and environmental responsibility, make it an increasingly popular choice for renters. As the demand for affordable housing continues to rise, it is clear that property guardianship will play a significant role in the future of the UK’s housing market.