According to an article by Residential Landlord, a fifth of all homes are now privately rented. That means there are a good number of landlords benefitting from an income or addition to their main income generated by the rental of one or more properties.
The article goes on to point out that housing stock in England has increased from 10% to 18% from 2001 to 2011. This is according to the latest report on dwelling stock in England.
The following was also outlined for the same period:
- the proportion of owner occupied property has fallen from 69% to 65%
- renting from registered housing providers has increased from 7% to 10%
- but has fallen from local authorities from 13% to 8%
Residential Landlord also went on to say that there was a year on year increase of 0.59% in dwellings in England as of 31st March 2012, taking the estimated figure to 23.1m homes. This is according to the Department for Communities and Local Government.
Apparently this is the lowest increase for 10 years with 2008 being noted for the highest increase at 1%.
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