A decade of life in the Private Rented Sector


According to tenant referencing provider HomeLet, over the past year rents have risen 2.7%, whilst the Office of National Statistics report that house prices have risen by just 1.3%.

However, whilst we all often focus on what has happened versus the previous month or year - just how has the property market changed within the last decade?

 

 

By all measures the Private Rented Sector has grown in size and importance over the last decade. Home ownership, particularly in the generation who became adults since the start of this century has dropped most dramatically. Therefore, as we look forward to the next ten years, we must assume that demand for good quality and
affordable private homes will continue to increase.