Renter numbers rise by record amount in 2007 |
14 2008 |
| The number of people renting properties in England rose by its highest-ever rate in 2007, new figures have shown. According to a new report into the sector published by Halifax, the number of people owning their own homes fell by 83,000 to 14.538 million over the 12 months to the end of December, representing the second year in a row that owner-occupancy rates have fallen and rental rates risen. In addition, this was the largest annual fall on record, with the lender putting the trend down to the affordability issues facing prospective first-time buyers, mpost of whom choose to stay in the rental sector. In comparison, the number of people renting increased by 4.3 per cent to around 2.6 million in 2007, meaning 12.5 per cent of people now rent a home privately. England's owner-occupancy rate now stands at 69.8 per cent, around the same as Australia and the US, though considerably greater than France and Spain, where renting is often the norm, the figures also revealed.  |
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