Lon­don is cap­i­tal for pri­vate ren­ters

Yorkshire Post - Property - - PROPERTY -

LON­DON had the most pri­vate ten­ants at 25 per cent and fewest owner-oc­cu­piers at 51 per cent, ac­cord­ing to the English Hous­ing Sur­vey.

The big­gest shift to­wards rent­ing is among 16 to 34-yearolds.

In 2010-11, 36 per cent of them were owner-oc­cu­piers, 18 per cent were so­cial ren­ters and 46 per cent rented pri­vately.

This com­pares with 1991, when 60 per cent of this age group were owner oc­cu­piers. The av­er­age house­hold size for all house­holds was 2.3 peo­ple.

On av­er­age, weekly mort­gage pay­ments were 19 per cent of home own­ers’ in­come, while weekly rent pay­ments were 43 per cent of ten­ants’ in­come.

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