Over two million homes have changed tenure in the last
decade when taking into account all property sales between owner occupiers and
landlords. Some 1,550,000 properties have gone from being lived in by their
owner to being lived in by a tenant, while 550,000 have moved the other way,
from the private rented sector into owner occupation. This has resulted in an
extra million homes being occupied by a tenant rather than a home owner,
equivalent to the number of households in the North East of England, says the
research from property group Countrywide plc. Homes transferring from owner
occupation into the private rented sector accounted for half of the growth in
the number of privately rented homes over the same period. Most of the
remaining growth in the private rented sector has come from landlords buying
new build homes. Read more on the Property Wire website.
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