One in six now renting says survey

Posted: 27 Nov 2006 10:40:13 GMT


            Property News - One in six now renting says survey

The number of households in England living in rented accommodation has risen to 2.5 million, the latest English Housing survey has claimed, or 12 per cent of the whole

The number of households in England living in rented accommodation has risen to 2.5 million, the latest English Housing survey has claimed, or 12 per cent of the whole.

The number of households aged under 30 living in rented accommodation has increased from 33 per cent to 41 per cent since 2001, it added.

Renters remained optimistic however, with 60 per cent saying that they expected to get on the property ladder and ten per cent saying that they would buy their current home.

Almost two-fifths – 38 per cent – of renters said that they had been in their current homes for less than one year.

The report follows a London Housing Federation and London Councils study warning that an "overcrowding epidemic" is now affecting ten per cent of people in the capital.

The average density of new housing projects in the capital has almost doubled since 2002, from 58 dwellings per hectare to 112 per hectare.

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