Owner-occupation remains most popular tenure type
6th Jul 2012
Owner-occupation remains the most popular tenure type in the UK, according to the latest report from the Department for Communities and Local Government.
The English Housing Survey Household Report 2010-11 shows that owner-occupation now accounts for 14.45 million households, or 66 per cent, which is a slight fall on the peak of 14.79 million households (71 per cent) recorded in 2005.
The private rented sector continued to increase in size, now standing at 3.62 million households, or 17 per cent of all UK homes, with 59 per cent of private renters and 23 per cent of social renters saying they expect to buy a home in the country at some point.
Of these, 16 per cent had considered applying for a mortgage in the last 12 months, with the average weekly rent among privately renting households standing at £160, and £79 for social renters.
In comparison, owner-occupiers buying with a mortgage made average weekly mortgage payments of £143, the data showed.
The report revealed that there were two million recently moving households in 2010-11, compared to 1.8 million in 2009-10, with 62 per cent of these being private renters, 22 per cent owner-occupiers and 16 per cent being social renters.
According to the study, which began in April 2008 and brought together two former DCLG housing surveys - the English House Condition Survey and the Survey of English Housing - the majority of households were satisfied with their local areas and their accommodation.
Posted by Staff Writer: Ewan Robertson
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