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Tenants are more satisfied with private rented accommodation than those in the social rented sector.That’s the finding from the figures published today from the 2015/16 English Housing Survey.It shows that 82 per cent of private sector tenants are satisfied with their current accommodation, ahead of the 81per cent who said the same about the social sector. Rates of dissatisfaction were also higher in the social sector, with 13 per cent of tenants dissatisfied with their accommodation compared to just 10 per cent in the private rented sector.67 per cent of private sector tenants said they were satisfied with their current tenure status.With the average length a private sector tenant has been in their property now over four years, the survey bursts the myth peddled by some that tenants should be living in fear of eviction.According to the statistics, 73 per cent of tenants in the sector left their last property because they wanted to, with just 11 per cent doing so because they were asked to by a landlord or an agent. Just two per cent of tenants moved because of rent increases by their landlord.RLA Chairman, Alan Ward, commented:
“Whilst today’s data clearly shows that many challenges remain for the sector, it is clear that the picture is one of significant improvement.“With only a very small minority of tenancies ended by a landlord or because of increased rent, it is time that those who suggest that landlords spend their time looking for ways to evict tenants or make profits at their expense replaced fearmongering with facts.” Some other relevant statistics:In 2015/16 there were 4.5m households renting privately in England, representing 20% of all households.
This means the proportion has doubled since the eighties and nineties, and there are now 2.5m more households in the sector than there were in 2000.
Strikingly, almost half of 25 to 34-year-olds (46%) now live in the private rented sector, up from a proportion of 24% in 2000.
There has also been an increase in the number of families, particularly lone parent families, living in the sector. The proportion of families with dependent children living in private rented accommodation was 30% in 2005/6 and last year stood at 36%.
Source/full article - Property Industry EyeTwo thirds of all renters – 65 per cent – said affordability was the main barrier to home ownership.
The proportion of private renters who said affordability was the main barrier increased from 56 per cent in 2008/09 to 70 per cent in 2015/16.
The English Housing Survey also found that being a private renter was the most expensive form of housing tenure – costing an average of £184 a week.
Meanwhile having a mortgage cost £159 a week and being a local authority renter cost £95 a week.
The report said: “Using all household income, on average, those buying their home with a mortgage spent 18 per cent of their household income on mortgage payments whereas rent payments were 28 per cent of household income for social renters and 35 per cent of household income for private renters.”
In 2015/16, 59 per cent of private renters expected to buy at some point in the future (2.6m households), unchanged from 2014/15.
Among social renters, 27 per cent (1m households) expected to buy.
Between 2014/15 and 2015/16, the proportion of social renters who expected to buy increased from 24 per cent to 27 per cent.
Full/source article - Financial TimesThe survey also gave some interesting insights to the profile of the typical first time buyer.Today’s first time buyers are older, more likely to buy with a partner, and to have dependent children compared with a decade ago, according to new analysis by the Department for Communities and Local Government.
The average first time buyer deposit is now a staggering £94,088 in London and a slightly more manageable £40,931 in the rest of the country.
The English Housing Survey 2015 to 2016 of first time buyers published today (13 July) shows that the number of first time buyers has not changed in the last 10 years, but numbers are down on 20 years’ ago.
In 2015-16, there were 654,000 first time buyer households in England, equivalent to 3 per cent of all households, and 5 per cent of all owner occupier households. In 2005-06, there were 675,000 households that were first time buyers, which was down from 922,000 in 1995-96.Full/source article - Financial Times SEE ALSO - Landlords urged to tackle damp and condensationUP NEXT - Housing crisis? You ain't seen nothing yet! A "perfect storm" is brewing.DON'T MISS - The changing face of UK private rented sectorNOW WATCH:
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
An interesting insight via twitter:
This government report
- from here
- says ""In 2015-16, 21% of private renters were dissatisfied with their status as private renters (9% of whom were very dissatisfied with their current status), compared with 10% of social renters and less than 1% of owner occupiers. "Vanessa, do you know why the difference from what you quoted, please??
It’s two slightly different questions that were asked as part of the English Housing Survey.The figure the RLA is quoting from comes from page 12 of the report focussing on the private rented sector at
It reads: “As with other tenures, the majority of private renters were satisfied with their current accommodation (82%). Private renters were less likely to be dissatisfied with their accommodation than social renters (10% compared with 13%). Some 8% of private renters were neither satisfied nor dissatisfied (compared with 6% of social renters).”
Page 14 of the report that focusses on the social rented sector at https://www.gov.uk/government/https://uploads.propertytribes.com/sy...015-16.pdf notes that “the majority (81%) of social renters were satisfied with their accommodation.”
The first sentence of the opening post should almost certainly be "There is no significant difference in the proportion of tenants who are satisfied with their accommodation between the private and social rental sectors."The tables do not show the vairability but there will be some, and rounding has exaggerated the difference anyway. The actual figures are: Private renters are 81.9% satisfied and Social renters are 81.3% satisfied (Annex Table 1.13).
An alternate that conveys the same message as the original but is more accurate would be "Fewer private renters are dissatisfied with their accommodation than social renters". Private renters 10.4%; social renters 13.1%. You could say "The proportion of social renters that are dissatisfied with their accommodation is over 25% greater than for private renters."
Fair comment. I will feed that back to the RLA's press team.