Forget Generation Rent, we’re on course to become Nation Rent

June 7, 2019

Research by VeriSmart, the letting compliance specialists, has looked at what point in the future the UK could lose its homeowner status as the scales tip towards a greater number of rental sector occupants compared to owner-occupiers.

The UK is a nation of aspirational homeowners, but the high cost of property has seen many remain resigned to the rental sector. In fact, when it comes to the percentage of homeowners, the UK currently ranks as the 24th lowest of all 28 EU nations at just 65%.

In contrast, the UK is home to the fifth highest percentage of tenant occupiers of all EU nations, behind just Germany, Austria, Denmark and France.

The latest data shows that since 2010, the percentage of owner-occupant homeowners has fallen by -5% while the percentage of occupants in the rental sector has grown by 5%.

Despite this, homeowners still account for 65% of the market as we remain a nation driven by the goal of owning our own home. However, should this seven-year trend persist we could start to see this change as more and more of us remain in the rental sector.

Based on the previous decline in homeownership levels, the scales would tip in favour of tenants by 2039 with 50.7% of us renting to 49.3% owning our own home. By 2045 this will have grown to 55% of the nation living in the rental sector to 45% classes as owner occupants.

This isn’t a trend driven out of necessity but rather people choosing to rent within the private sector, as during this time the number of us in social rental accommodation has also dropped.

Founder and CEO of VeriSmart, Jonathan Senior, commented:

“We are currently seeing a shifting mentality in the way we choose to live our lives and for Generation Rent, in particular, there is no longer that urgency to make it out of the rental sector and secure their own ‘piece’ of bricks and mortar.

This was initially driven by consistently buoyant house price growth coupled with stagnant wage growth providing no other option but to rent, however, social rental numbers are falling, Build-to-Rent is growing in prominence, and there has been a number of tenant-friendly changes to the sector.

All of these changes are making the rental sector a more attractive place to be and as a result, we are seeing more of us opt for it and stay there for much longer than we may have traditionally.”

UK – Tenure Type Distribution (%)
Tenure Type
2010
2011
2012
2013
2014
2015
2016
2017
Percentage / Distribution change over a seven-year period
Owner
70
67.9
66.7
64.6
64.4
63.5
63.4
65
-5%
Tenant
30
32.1
33.3
35.4
35.6
36.5
36.6
35
5%
Projection – Owner vs Tenant Occupation (%)
Year
Owner
Tenant
2010
70
30
2017
65
35
2024
60
40
2031
55
45
2038
50
50
2039
49.3
50.7
Tipping Point
2045
45
55

 

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Rightmove logo
Breaking News

Rightmove’s Most Searched Locations in 2025

Rightmove reveals some of the trends which defined the 2025 property market, from the most viewed homes to the most searched for locations UK’s top property hotspots: London, Manchester, and Glasgow are the most searched for locations in 2025 Capital crowns: Wimbledon, Fulham, and Chiswick are the most searched-for London spots for buyers, while Canary…
Read More →
affordable houses glasgow
Breaking News

Consistent support for apprenticeships helps construction

The Government has announced a £725 million package of reforms to the apprenticeship system, including £140m for a Mayoral pilot programme. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “The consistent messaging from politicians that apprenticeships should be valued as highly as degrees is fantastic and will be of great benefit…
Read More →
Christmas Decorations - Good or Bad for Selling
Estate Agent Talk

6 tips for a stress-free Christmas move

With an average of 87,000 home sales taking place during the month of December, Property DriveBuy has compiled practical advice for those due to complete this festive season, a time already known for being one of the busiest and most emotionally charged periods of the year. Despite this bringing the potential for a more stressful…
Read More →
new build homes colchester essex
Estate Agent Talk

Why 2026 could be the year the market turns

How policy, land and confidence will shape the recovery By Tim Foreman, Managing Director of Land and New Homes, LRG In property sales there are people who need to move and people who want to move. In the last few years, only those who have had to move have been active. Once conditions improve, those…
Read More →
Estate Agent Talk

Why Dumpster Rentals Simplify DIY Kitchen Demolition Projects

Taking on a DIY kitchen demolition project can be both exciting and overwhelming. Whether you’re updating your kitchen’s layout, replacing old cabinets, or knocking down walls, the demolition phase generates a significant amount of debris—everything from broken tiles and drywall to old cabinets and countertops. Managing this waste efficiently is crucial to keeping your project…
Read More →
Breaking News

Zoopla’s 2025 Year in Property: Rural dreams, fastest moving markets and an optimistic end to the year

It’s been a popular year for rural living, with a three-bed detached home in South-West Wales taking the top spot for the most viewed property. The average time to sell in 2025 was 38 days, up from 35 days in 2024. Three-bed terraced properties were the most popular property type. Falkirk in Scotland remains the…
Read More →