Private Rented Sector Larger Than Thought

Stats WatchOn Tuesday 5 July, the Department for Communities and Local Government (DCLG) published new estimates of the size of the Private Rented Sector and Owner Occupied tenures in England.  It results from DCLG implementing an improved methodology, recommended by the Office for National Statistics (ONS).

The new methodology takes better account of the vacancy rates in each

of the private sector tenures, and figures dating back to 2003 have been updated.

The revised figures show that in 2011 there were in fact 850,000 homes in the private rented sector in London, representing 25.7% of London’s housing stock, more than previously thought.  Revised figures for England as a whole show that in 2010, the PRS accounted for 17.3% of housing with owner occupied tenure dropping to 65.2% from a peak of 70% in 2002.

Private Rented Sector Tenure

Source: Revised DCLG Figures, July 2011

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3 Responses to Private Rented Sector Larger Than Thought

  1. Ah, that’s the period to which the DCLG has back-dated the statisticals to, based on the new model. So the kink in the graph isn’t strictly correct…

  2. Richard says:

    Interesting figures, what do you think caused the sudden increase in rate of PRS in 2002?

    Do you think it can continue to grow at this rate?

  3. Neil Young says:

    Wow, 1 in 4 properties in London in the Private Rented Sector! Even if there is debate about the absolute figure, whichever methodology is used they all show an upward trend towards the PRS and downward trend in home ownership.

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