Menu

The Proportion of Income Spent on Rent by Private Tenants Has Fallen Over the Past Decade

2017/18, The latest English Housing Survey shows that the proportion of income spent on private rents was an average of 32.9% in the period, which is down from 34.3% in the previous year 2016/17 and 36.4% in 2014/15.

With the Government considering how to increase the length of private tenancies, the Survey also found that the average time that a private tenant has spent in their current home was up from 3.9 years in 2016/17 to 4.1 years in 2017/18.

Owner-occupation

The latest Survey found that, of the estimated 23.2m households in England, 14.8m (64%) were owner-occupiers in 2017/18. The proportion of homeowner households increased steadily from the 1980s to 2003, when it hit a peak of 71%.

Since then, owner-occupation has gradually declined to its current level. However, the rate of homeownership has not changed since 2013/14.

After more than a decade of decline, the proportion of 35-44-year-olds in owner-occupation has increased. In 2017/18, 57% of those in this age group were homeowners, which has risen from 52% in 2016/17.

While owner-occupation remains the most prevalent tenure for this category, there has been a considerable rise in the proportion of 35-44-year-olds living in the private rental sector (from 13% in 2007/08 to 28% in 2017/18).

Private renting

After a period of substantial growth, the proportion of households in the private rental sector has not changed for five years. Meanwhile, the share of households in the social rental sector has not changed for over a decade.

In 2017/18, the private rental sector accounted for 4.5m (19%) households. Throughout the 1980s and 1990s, the proportion of private rental households was steady, at around 10%. While the sector has doubled in size since 2002, the rate has hovered around 19-20% since 2013/14.

2 thoughts on “The Proportion of Income Spent on Rent by Private Tenants Has Fallen Over the Past Decade

  1. Ahaa, its good conversation concerning this paragraph at this
    place at this blog, I have read all that, so at this time me
    also commenting at this place. I have been surfing online more than 2 hours
    today, yet I never found any interesting article like yours.
    It is pretty worth enough for me. In my opinion, if all webmasters and bloggers made good content as you did, the
    internet will be much more useful than ever before.
    I have been surfing online greater than three hours today,
    but I by no means found any attention-grabbing article
    like yours. It’s lovely value enough for me.
    In my opinion, if all web owners and bloggers made excellent content as you did, the internet will likely be much more helpful
    than ever before. http://Samsung.com/

Leave a Reply

Your email address will not be published. Required fields are marked *

Your Capital is at Risk:

Investing in property involves risk. The value of your investment can go down as well as up and historic performance is not a guide for future performance. Any projections of future performance are based on all information known at the time of share investment or loan, and internal calculations and opinions of Bunce Crowd. These are subject to change and are not guarantees and should not be relied upon as such. Risks include the total loss of your share investment or loan, variable rental income due to property not being rented or a depressed rental market, and inability to sell your share investment or loan due to lack of a buyer.

Neither Bunce Crowd Limited nor any of their affiliates or group companies provides any advice or recommendations in relation to this website. If you have any doubt about the suitability of any investment marketed by Bunce Crowd Limited, or you require financial advice, you should seek a personal recommendation from an appropriately qualified financial advisor that does give advice.

Investments are only available to certain specified persons who are sufficiently sophisticated to understand the risks. Investments in property and unlisted shares carry risk, you may not receive the anticipated returns and your capital is at risk. Bunce Crowd is not covered by the Financial Services Compensation Scheme. Please refer to the Risks warning page of this site for a more comprehensive description of the risks involved.

Please refer to the Risks warning page of this site for a more comprehensive description of the risks involved.

We're still getting everything ready!

As we're yet to launch, our investor and buyer platforms aren't live yet! However you can pre-apply for an account when we launch!

Homebuyer Account | Investor Account