Rental figures soar as home owners decrease

Published: 3:48PM GMT twenty-three February 2010

Around 3.1 million people in England rented a skill secretly during 2008/09, up from 2.1 million in 2001, according to the English Housing Survey.

The increase, that is expected to have been driven by residence cost rises pulling home tenure out of infancy people"s reach, was accompanied by a tumble in the series of people vital in their own home.

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The investigate showed that 14.6 million people were owner-occupiers during 2008/09, down from a rise of 14.8 million in 2005/06.

But notwithstanding the fall, owner-occupation was still the infancy usual form of housing tenure, accounting for 67.9pc of all households, nonetheless this was down from a high of 70.9pc in 2003.

Renting a home from a amicable skill owner was the second infancy renouned option, accounting for 17.8pc of households, whilst 14.2pc rented a home from a in isolation landlord, up from usually 10pc in 2001.

The infancy of people in the in isolation let zone make an effort to shopping their own home, with 59pc observant they hoped to buy their own place eventually, compared with usually around a entertain of those in amicable housing.

Among those who goal to get on to the housing ladder, 24pc of in isolation renters and 10pc of amicable renters thought they would buy a place inside of the entrance dual years.

Couples with no contingent young kids were infancy expected to own their own home at 42pc, whilst singular people were infancy expected to rent a property.

Simon Rubinsohn, arch economist at the Royal Institution of Chartered Surveyors, said: "The ultimate consult provides serve justification that the suit of households selecting to be owner-occupiers is stability to decline.

"Unless housing supply increases almost over the subsequent couple of years, the odds is that infancy of those determined to buy a home will go on to find such a move out of their reach."

The research, that was put out by Communities and Local Government, additionally showed that a third of homes were classed as being non-decent in 2008, since they were in a state of disrepair or did not have complicated facilities, nonetheless amicable housing was in a somewhat improved condition than in isolation homes.

Around 22pc of homes additionally had a "potentially critical hazard", such as slight or high stairs.

Meanwhile, Housing Minister John Healey currently voiced �500 million of appropriation to set up around 8,000 new affordable homes in England.

More than 3,000 of the properties will be accessible by the Government"s Homeboy schemes, that assistance first-time buyers get on to the housing ladder, with the rest accessible to rent by housing associations.

The English Housing Survey is formed on the responses of 17,691 people questioned in between Apr 2008 and Mar 2009.