Private Renters Increase While Home Ownership Flat Lines

More people are renting their homes from private landlords than ever before, says a detailed new report on ownership in Britain over the last thirty years. It reveals that thirty years ago 61% of the UK’s households owned their own home. The number increased through the 1990s but dropped off from the year 2000 and stands once again at 61%, says the report, Unfinished Business The Ownership Agenda, thirty Years On, published by the independent think tank ResPublica. The main shift in the ownership of the UK’s housing stock is around rented accommodation, with the number of households renting from private landlords doubling in thirty years. In 1985 30% of households rented from public landlords, and 9% from private landlords. Today the emphasis has changed, with 22% renting from private landlords and 9% from public. Read more on the ResPublica website.