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
Bank Rate cuts boost optimism for 2025 despite Budget pause
Average new seller asking prices drop by 1.4% (-£5,366) this month to £366,592, a bigger fall than the usual, seasonal 0.8% drop seen at this time of year, likely due to pre- and post-Budget jitters However, despite the dampening effect of the Budget, market activity remains stronger than last year as Bank Rate falls: The…
Read More 
How to market to Estate Agents UK
The UK’s property sales and letting industry is quite sizable in both volume of work and those employed within. Some 25 million dwellings in England alone exist and there were estimated to be approximately 55,500 estate agents working in the United Kingdom as of the second quarter of 2024. Up and down the country, in…
Read More 
Preventative Measures to Reduce the Risk of Emergencies in a Rental Home
Ensuring that a rental home is safe and well-maintained is essential for both landlords and tenants. Emergencies in a rental property can lead to significant stress, financial loss, and potential damage. However, by implementing preventative measures, landlords and tenants alike can reduce the risk of emergencies and create a safer living environment. This guide provides…
Read More 
Understanding the Metrics Used by Estate Agents to Determine Your Home’s Worth
Determining the value of a property can sometimes feel like a complex process shrouded in mystery. However, understanding the various metrics and considerations that estate agents use to assess your home’s worth can demystify the process and empower you as a homeowner. This blog will provide a comprehensive guide to the key factors estate agents…
Read More 
Breaking Property News 15/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Digital transformation of real estate drives profitability Press Release – London 14th November 2024 – Following the October budget, estate agents across the UK are seeking new ways to adapt to an evolving property market. Rising costs and shifting buyer expectations have driven a need…
Read More 
Labour’s Vision for Homeowners and Renters: Key Changes to Expect
The UK housing market continues to be a complex and often challenging landscape for both homeowners and renters. Labour’s vision for housing reform aims to address longstanding issues in affordability, security, and sustainability, setting out a series of policy proposals that could reshape the property market. Whether you are a homeowner, a renter, or an…
Read More