Number of families in private rented sector has increased by almost a million in last decade
The long-established decline in homeownership rates in England appeared to pause last year. However, rates again fell among families with children, continuing a longer-term shift into the private rented sector, the Resolution Foundation said today (Thursday) in response to the 2014/15 English Housing Survey.
The survey showed a welcome pause in the long-term decline in the overall proportion of owner occupiers, with home ownership among Londoners and those aged 25-35 actually increasing slightly. Longer-term however, ownership rates have fallen from 71 per cent at the turn of the century to 64 per cent in the latest figures.