ONS: Number of households renting jumps 61% in 10 years

Posted on Friday, January 25, 2019

Figures from the office for national statistics show that the number of UK households in the private rented sector jumped from 2.8m in 2007 to 4.5m in 2017 – an increase of 61%.

This translates to an increase of 13% of the total number of households in the PRS to 20%.

The data also describes households in the PRS ageing – in the same decade detailed above, the proportion of the head of households in the PRS aged 45 to 54 went from 11% to 16% of the sector, while those aged 16 to 24 fell from making up 17%to 12%.

The most common age group in the sector, however remained relatively steady – the head of households aged 25 to 34 made up 36% of the sector in 2007 and 35 per cent a decade later.

In terms of rent prices, the report shows that at financial year end of 2017, the median household weekly private rent payment across the UK stood at £134, with England specifically recording the highest, at £138, and Northern Ireland the lowest, £97.

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