Ownership declines as rentals rise
OWNER-OCCUPATION of homes is now at its lowest for 11 years, while one in every six homes in England is now a private rental property, according to new Government figures.
The figures show that 17.4 per cent of homes are now within the private rented sector, an increase from 16.4 per cent in 2009 and up 229,000 by number.
Since 2000, the number of properties in the sector, which currently stands at 3.9 million, has risen by 1.8 million, reflecting the shift in housing tenures England is currently experiencing. Conversely, the number of properties in the owner-occupied sector fell from 14.9 million in 2009 to 14.8 million last year.
This is the lowest since 2000.