Shelter’s response to the government’s English Housing Survey
January 26, 2018
Find below Shelter’s response to the government’s English Housing Survey, which show:
- Overall: 63% of English households are homeowners, 20% are private renters and 17% are social renters.
- Renters: The number of households that are private renting has risen by 74% in the last ten years (2007 – 2016/17).
- There has been a particularly large rise in families with children in private rented sector over last ten years, with a million more now compared to ten years ago (800K in 2006/7 to 1.8m 2016/17).
- Home ownership: The number of home owners with a mortgage has fallen by 20% over the last ten years, while the total number of households who now own outright has risen by 21% in the last ten years.
- Affordability: The average proportion of income being spent on rent by private renters is now 41%. By comparison, mortgaged households pay on average 19% of income.
Polly Neate, chief executive of Shelter, said: “With the number of renters having risen substantially over the past decade, it’s time to start paying attention to the needs of people who rent long term, not just those who have a chance to own.
“It would be a mistake to focus on homeownership for the minority at the expense of families left to suffer expensive and insecure private renting.
“To give renters a better deal, the government must make good on its promise to massively increase the number of affordable homes available for ordinary families to rent.”
Source of information Shelter.
You May Also Enjoy
Real Estate Lawyers: Who They Are and What They Do?
When you want to purchase or sell a property, the best course of action would be to seek help from professionals. Real estate transactions usually involve huge sums of cash, so the legal protocols are there to ensure your security and prevent you from falling victim to fraud. Hiring a real estate attorney is essential,…
Read More 
Weekly News Roundup – 03/05/24
A roundup of the week’s top property and proptech news stories in partnership with Proptech-X Table of Contents Is Zoopla holding back the housing market? Will Yardi’s multi-million gamble on WeWork the former £37Bn Unicorn pay off? Nimbus report gives oversight on retail market post Covid Is Zoopla holding back the housing market?…
Read More 
Rightmove’s weekly mortgage tracker – 02/05/24
Matt Smith, Rightmove’s mortgage expert said: “Next week’s Bank of England meeting will be quite key for setting the tone for mortgage rates leading into summer. An uneasy few weeks for the world economy has meant that there is still a lot of uncertainty around when we might see the first interest rate cut – and…
Read More 
Powering Up Your Brokerage: How Real Estate Apps are Transforming the Industry
The real estate industry once literally hand-to-hand with traditional printed flyers and face-to-face meetings became digital-friendly after the revolution of technology. Among the key drivers of this transformation is the real estate app through which brokerages redefine the role they perform and the way they interact with clients. Streamlined Workflows and Increased Efficiency Gone are…
Read More
Breaking Property News – 02/05/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Is Zoopla holding back the housing market? Maybe it is me! and definitely me and my dog Zara do not think like most people, but – each month in the UK just 100,000 properties complete (exchange) and in the past decade this has been the…
Read More
Breaking Property News – 01/05/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Fine & Country relaunches Masterclass Series for 2024 to support network in winning more business Set to take place in both London and Huddersfield, Fine & Country will be hosting informative and engaging Masterclass sessions again this year, sharing insight from property experts on…
Read More