Blog Post

Private rented sector grows

TomS - Head Tom Simper Apr 17, 2023, 12:00 PM

The number of households in England and Wales increased by 6% between 2011 and 2021, the number in the private rented sector by close to 20%. There are now more than 5 million households in the sector.

Across all age groups the proportion of households in the private rented sector has increased. Proportionally the largest increases are evident in households headed by those age 35 and above.

More than one in three households in the 35-49 age group is now in the private rented sector. Back in 2011 less than 25% of households in the private rented sector were headed by someone over the age of 50, today that figure is nearly 30%.

Research indicates that for the majority of family renters and renters aged 45+ their ideal lease length is over two years, with one in five willing to pay more to secure a property for a longer period (Property Academy Renter Survey, 2022). Source: Dataloft, 2011 and 2021 census, based on household reference person.

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"If you need an Estate Agent who is going to really go the extra mile, Dewi is THAT person."

- James

"Letting through Peter Anthony has been a great experience"

- Gus Beech

"Yaseen was a truly amazing agent."

- Yasuhira Nomura

"Excellent service, quick to find tenants and organising final checks, no complaints so far!"

- Steve

"I had a viewing with Abbey, so lovely and friendly"

- Amy

"Abby was prompt to respond to inquiries and very pleasant"

- Christian

"I was happy it was clean and painted and well presented, felt very welcoming."

- Sarfraz Ali