Friday 25 February 2011

Government housing survey reveals renting rise

Homeownership is in decline while the number of private renters has risen by 1.3 million since 2001 to 3.4 million in 2009-2010, the Department for Communities and Local Government has revealed.

The English Housing Survey showed a decrease in the number of owner occupied households from a peak of 14.8 million in 2005 and 2006 to 14.5 million in 2009-10.

The report found that in 2009-10 social renters paid on average £75 per week in rent and private renters £153. Around 62% of social renters received housing benefit compared to 24% of private renters.

In 2009-10 1.8 million households had moved into their current home during the previous 12 months. This was 200,000 less than in 2008-09 and 600,000 less than in 2007-08. The reduction was almost all in the owner occupied sector.

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