WGPlus (Archive)
London is the exception NOT the rule |
The headline report of the English Housing Survey 2016-17 has been released and this provides some key insights into how the private rented sector is changing. While the owner-occupier sector remains the largest tenure across England, the private rented sector (PRS) remains larger than the social rented sector. The PRS is also now the most prevalent tenure in London, with 30% of households now privately renting. In contrast, 25% of households owned their property outright, and 22% bought their home with a mortgage. This is a divergence with households outside of London, where outright ownership was most prevalent (36% of households), followed by buying with a mortgage (30%) and then private renting (19%). These findings show the changing housing landscape for households across the country, but suggest that a one-size fits all approach to policy-making for the private rented sector is undesirable. While experiences of renting in the capital may receive wide-spread media coverage, with high demand for properties, creating national policies based on these experiences may negatively impact other PRS markets across the country. |
Researched Links: |
Residential Landlords Association: Glish Housing Survey 2016/17: What Does This Show About Renting? – (RLA welcomes changes to gas safety rules) RLA Chairman Alan Ward on the Fitness for Human Habitation Bill RLA: Pearl Rental Index – January 2017 RLA warns Select Committee landlords will pick up cost of Tenants Fees Bill RLA welcomes changes on product safety – but do they go far enough? |