Latest figures from Communities and Local Government (CLG) have revealed owner occupation of residential property is now at its lowest for 11 years, with one in every six homes in England now a private rental property,
The metrics show that 17.4% of UK housing is now within the private rented sector, an increase from 16.4% in 2009 and up 229,000 by number.
Since 2000, the number of properties in the private rented sector, which currently stands at 3.9 million, has risen by 1.8 million, reflecting the shift in housing tenureEngland
The number of properties in the owner-occupied sector fell from 14.9 million in 2009 to 14.8 million last year – the lowest since 2000.
The metrics show that 17.4% of UK housing is now within the private rented sector, an increase from 16.4% in 2009 and up 229,000 by number.
Since 2000, the number of properties in the private rented sector, which currently stands at 3.9 million, has risen by 1.8 million, reflecting the shift in housing tenure
The number of properties in the owner-occupied sector fell from 14.9 million in 2009 to 14.8 million last year – the lowest since 2000.
The jury is out on whether this is a permanent shift, for certain private rental is no longer stigmatised as the less well offs way to habitation, coupled with other factors such as a significant improvement of the quality and variety of rental homes available for renters it highly likely that we are indeed seeing a long term shift.
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