PRS accounts for 20% of households – English Housing SurveyMake Text Bigger
The Ministry of Housing, Communities & Local Government has now released the National Statistics English Housing Survey 2016 to 2017 headline report.
Click here to see the full headline report.
The Private Rented Sector (PRS) continues to be bigger than the Social housing sector and is now the largest individual tenure in London.
4.7 million or 20% of households now live within the PRS as opposed to 3.9 million households or
17% rent from the Social sector.
In London the figures show:
- 30% of households live within the PRS
- 25% own properties unencumbered
- 22% rent from the Social sector
- 22% own a mortgaged property
- 36% own properties unencumbered
- 30% own a mortgaged property
- 19% of household live within the PRS
- 16% rent from the Social sector
The report show the Social sector has changed with more households renting from Housing Associations at 9% and 2 million opposed to 1.9 million renting from Local Authorities.
The percentage of social housing renters who expect to buy their own homes in the future has increased from 27% to 30%, but private renters expecting to buy in the future has remained static at 60%.
RLA policy director, David Smith, said: “The findings reiterate the importance of the private rented sector for families across the country. Larger than the social sector, and housing more families with children, the private rented sector provides much needed housing for nearly five million people.
“The Government needs to recognise its vital role in the housing market and implement progrowth tax and planning policies to support the majority of landlords who are individuals to meet ever growing demand for rented housing.”
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