English Housing Survey confirms welcome signs of housing improvement
Posted by Let Alliance on August 9, 2013
Following the 2011-12 headline report of the English Housing Survey published in July 2013, the Council of Mortgage Lenders has outlined the key developments in housing in different tenures.
You can view the full report via the Council of Mortgage Lenders website, however we have highlighted some of the main statistical information relating to the rental sector: http://www.cml.org.uk/cml/publications/newsandviews/142/549.
- It shows a continued expansion of the private rented sector. Privately rented accommodation has been the fastest growing tenure in England in recent years, partly funded by lenders and buy-to-let investors. At 3.8 million, the number of households in the private rented sector has now grown to equal the number of homes in social housing. In 2011-12, 65% of households were still occupied by owner-occupiers but the total is down from a peak of almost 71% in 2003.
- Almost a quarter (24%), or 5.4 million of English houses do not meet the “decent homes” standard. Despite this high number, the total has reduced by more than half a million since 2010. The proportion of “non-decent” homes is lowest in the social housing sector (17%) and highest among those renting privately (35%).
- Owner-occupation remains the most common tenure, however by 2011-12 the proportion of households in the private rented sector had grown to 17% from just 10.1% a decade earlier.
- Half of all those renting privately (1.9 million) were aged under 35, with 577,000 (15%) aged 16 to 24 and a further 1.3 million (35%) aged 25 to 34. The social rented sector had a much higher proportion of older tenants, with 29% aged 65 or over. In the private rented sector, just 8% are in this age range.
- Perhaps not surprisingly, housing turnover is most rapid in the private rented sector. Almost one third (32%) of those renting privately had lived in their current home for less than a year, compared with only 9% of social tenants. 44% of social tenants had been in their home for at least 10 years, compared with just 9% of those renting privately.
- A total of 381,000 new households were formed in 2011-12 with the majority (259,000 or 68%) in the private rented sector. There were some 75,000 new households in owner-occupied homes (20% of the total) and 48,000 (12% of the total) in social housing.
Source: English Housing Survey & www.cml.org.uk/cml/publications/newsandviews/142/549.
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