The latest English Housing Survey 2015-16 on people’s housing circumstances has just been published by Department for Communities and Local Government [March 2nd 2017].
“Government data reveals that the private rented sector has doubled in size since 2004, with almost half of all people in England aged 25 to 34 paying a private landlord for their accommodation.” The Guardian March 2nd 2017
“On average, those buying their home with a mortgage spent 18% of their household income on mortgage payments where rent payments were 28% of household income for social renters and 35% of household income for private renters.” [Headline report p2 March 2nd 2017]
In 2015-16 outright owner households were predominately older people; couples with no dependent children (45%) and one person households (33%). Almost half (47%) of households buying with a mortgage had dependent children compared with just 8% of outright owners. In the past decade (2005-06 to 2015-16) the proportion of households in the private rented sector with children increased from 30% to 36% (about 945,000 more households). Over the same period, the proportion of households in the social rented sector with children decreased from 36% to 32% (around 123,000 fewer households).