Private rentals highest for years
THE Department for Communities and Local Government has published the English housing survey 2011 to 2012.
The report's findings include:
The private rented sector has been growing in recent years, and is at its highest level since the early 1990s, equalling that of the social rented sector at 38 million households; in 2011 to 2012, around two-thirds (65%) of households were owner occupiers
Average weekly rents in the private rented sector continued to be well above those in the social rented sector (£164 per week compared with £83); while mean rents have increased in both sectors since 2008 to 2009, private rented sector rents showed no significant change from 2010 to 2011
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Half of all private renters (1.9 million) were aged under 35 with 15% (577,000) aged 16 to 24 and 35% (1.3 million) aged 25 to 34. This is in contrast to the social rented sector, in which only 19% (718,000) of HRPs were aged under 35 (5% aged 16 to 24, and 14% aged 25 to 34).
The social rented sector had a much higher proportion of older tenants: 29% of social renters were aged 65 or over compared with only 8% of private renters.