Further analysis of the Government’s English Housing Survey reveals that the private rental sector is a welcome home for the majority of tenants.
Data from the report indicates that the reality of the sector is a far cry from annoyed tenants coping with unscrupulous landlords and letting agents.
Analysis from the National Landlords Association shows that in 2015-16, the private rented sector made up 4.5m, or 20% of households. Of these, most were aged between 25 and 34.
This is a sharp contrast from ten years ago, when just 24% of those aged between 25-34 were private tenants. This year, the percentage of people in this age bracket was 46%.
In the same period, the proportion of 25 to 34 year olds buying with a mortgage fell from 53% to 35%.
Additionally, tenancies are lasting for longer than many people expect. The survey shows that the current average time a tenant lives in their property is over four years.
Surprisingly, the proportion of household income rent has dropped in the last year. Now, average households spend around 35% of their total income on rent.
In addition, energy efficiency is continuing to improve. The share of rental properties in the F and G efficiency bands are down from 10.6% in 2013-14, to just 6.3% in 2015-16.
The National Landlords Association says that within the context of the figures, the quickest way to speed up improvements in the sector is not through increased legislation. Instead, it is through funding the enforcement of existing laws and recognition in the tax system of the imperative role that landlords play.