• Aug

Private Rental Sector doubles since 2001

An interesting report has been published this month by PWC regarding the future of the housing market and the private rented sector.
According to the report, by 2025, an additional 1.8 million households will become private renters. This would take the total to 7.2 million – an average of almost one in four households.
This is not a new trend. The private rented sector has more than doubled since 2001, rising to 5.4 million in 2014. With house prices constantly outgrowing wage increases, the number of households in the private rented sector has expanded exponentially and will continue to do for the foreseeable future. The “generation rent”, as the report calls it, will continue to grow and in 2025 over half of the people aged 20-39 will be renting rather than being home-owners.
This is obviously good news for investors, who will see the buy to let market prosper over the next decade.
So, whether you are new to the sector or a seasoned investor, contact Grants Independent today to find the right solution for you!