The proportion of income spent by private tenants on rents has fallen over the past year, according to new official figures.
Updated figures in the English Housing Survey, show that tenants are spending less of their income on housing, with this figure standing at 33%, down from 34% the previous year.
The updated English Housing Survey report also reveals that the majority of private tenants (84%) are satisfied with the house they rent.
This figure is higher than tenants in the social sector, where 80% are satisfied with the house the rent.
Tenants staying longer
The survey also found that the average length of time a private sector tenant had lived in their current home was 4.1 years for private renters.
It also reveals that most private rented sector tenancies ended because the tenant wanted to move-with just 12% of private tenancies ended by the landlord.
Responding to the English Housing Survey report on the private rented sector 2017/18, RLA policy director David Smith said:
“Today’s English Housing Survey dispels the myth that private renting means insecure tenancies and ever increasing costs. It shows that renters are spending less of their income on housing, at 33%, down from 34% the previous year and 36% in 2014/15, and are staying in their homes for over four years on average.
“As Ministers look at ending so called ‘no fault’ evictions the survey finds that the large majority of those who moved out of their home did so because they wanted to, either for work, a larger home or to move to a different area (72%) or because their tenancy had come to an end (8%). A further 10% moved on mutual agreement with their landlord.
“The majority (84%) of private renters also reported being satisfied with their current accommodation, higher than in the social rented sector.”
- You can read the updated English Housing Survey report online here.