Rise of the rental sec­tor

Yorkshire Post - Property - - PROPERTY -

MORE that one in five house­holds will rent pri­vately by the year 2020, sig­nalling enor­mous growth in the pri­vate rented sec­tor in the first two decades of this cen­tury.

The lat­est pro­jec­tion comes from buy-to-let lend­ing spe­cial­ist Paragon, which es­ti­mates that the pri­vate rented sec­tor is worth £500bn, which is more than the en­tire UK com­mer­cial prop­erty sec­tor.

It says that pri­vate rented ac­com­mo­da­tion is be­com­ing a ten­ure of choice and ar­gues that de­cline in so­cial hous­ing over the past 20 years means that it is now the only real al­ter­na­tive to home own­er­ship. It has also be­come, for some in­vestors, an al­ter­na­tive to buy­ing stocks and shares.

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