Fair Rents (Scotland) Bill or Artificial state manipulation of free market rent?10:34 AM, 6th November 2020
About 4 weeks ago 36
The Office for National Statistics have today released figures analysing household data from the 2011 Census compared to 2001.
The biggest news for the PRS is that 18% of all occupied household spaces were privately rented, an increase from 12% in 2001. That’s a 50% increase in the ratio in 10 years!
This was the largest increase of all housing tenure types with the owner occupied category decreasing from 69% to 64% during the same 10 year period.
|Household size||Owner occupied||Social rented||Private rented|
As summarised by the ONS:
“Table 7 summarises household size and housing tenure type for England and Wales, comparing 2011 with 2001. There had been a consistent decline in owner occupation and social renting for all household size groups, with the decline most dramatic in the larger household sizes. All household sizes experienced an increase in private renting, most notably among the larger households (for example the proportion of four person households in the private rented sector doubled). This trend may reflect the general rise in house prices relative to wages in recent years and the growth of Other households where unrelated people are sharing accommodation (including students and younger workers).”
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More