Home Rentals Up 40% in Five Years ; Mortgage Drought Helps to Fuel Demand in Market
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Summary
THEnumber of people renting a home has soared by 40% during the past five years as low levels of house builS ding and the mortgage drought have prevented potential buyers from getting on to the property ladder.
About 3.4 million households were living in privately-rented accommodation during 2009-10, up from 2.4 million in 2005, according to the English Housing Survey. At the same time the number of people who owned their own home fell from a peak of 14.8m in 2005 and 2006 to 14.5m.See the full content of this document
Extract
Home Rentals Up 40% in Five Years ; Mortgage Drought Helps to Fuel Demand in Market
The increase in people living in private rented homes was particularly marked from 2007 onwards, with the percentage of ...
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