The Department for Communities and Local Government has released more detailed analysis of Private Rented Sector (PRS) data from the results of the English Housing Survey 2014-15. See our previous blog on some of those headline figures here.
The Private Rented Sector Report gives details of PRS demographics, satisfaction with housing, tenancy details and housing stock. Here is a quick guide to some of the more interesting figures.
The PRS now accounts for 19% (4.3m) of all households, up from 11% of all households in 2004-05 (an 82% increase over 10 years):
- The PRS has a higher proportion of younger people than other tenure types with 70% of renters aged under 45, compared to 35% in the social sector and 25% of owner-occupiers
- Between 1994-95 and 2014-15 the proportion of private renters age 25-54 increased from 56% to 72%, whilst younger (16-24) renters has fallen from 20% to 13%, possibly due to staying longer with parents before moving into the sector
- On average renters had lived at their current address for 4 years, with 76% having been there for less than 5 years and 59% for less than 3 years
- In 2014-15, 54% of renters had been in the sector for less than 5 years, whilst 24% had been in for between 5 and 10 years
- Household types in the sector: single person household (27%), couples with dependent children (23%), couples with no children (21%), lone parents with dependent children (13%)
- From 2004-05 to 2014-15 the proportion of households with dependent children rose from 25% to 36%
- Only 65% (up from 48% in 2004-05) of renters were satisfied with their current tenure, compared to 98% of owner-occupiers and 82% of social renters.
- However, 82% of renters were satisfied with their accommodation, compared with 95% of owner-occupiers and 82% of social renters.
The most common type of homes for renters were flats (38%) and terraced homes (36%), with relatively few residing in detached houses (8%):
- From 1996 to 2014 the proportion of renters living in a non-decent home fell from 63% to 28%.
- The prevalence of non-decent housing is higher in the private rented sector (28%) compared with owner-occupiers (18%) and social housing (14%)
- The proportion of private renters who lived in homes with a serious hazard halved from 2006 to 2014, from 30% to 15%
- The overall improvement in the condition of PRS properties is due to a number of factors, including:
- The growth of newly built homes entering the sector
- The growing installation of energy efficiency measures
- Improvement in day-to-day maintenance work undertaken by landlords
- Local authority enforcement action against landlords
- Of all properties in the PRS, 33.1% were built pre-1919, compared to only 19.7% of owner-occupied properties, and 6.7% of those in the social sector
- For 64% of tenants, repairs and maintenance were the responsibility of the landlords, for a further 20% the property manager or estate agent were responsible while 7% did the repair work themselves
- 66% of tenants were satisfied with the repairs and maintenance done on their home, and satisfaction was highest (76%) when the landlord was responsible for the work; the equivalent figure for estate/managing agents was 55%
If you are feeling inquisitive, the full Private Rented Report can be found here, along with a few other reports that may be of interest: