A housing timebombPosted: December 17, 2012 | |
The big shift from owning to renting revealed in the Census has potentially massive implications for government spending on housing costs.
The headline results revealed by the Office for National Statistics last week were that home ownership fell from 68.3 per cent of households if England and Wales in 2001 to 63.5 per cent in 2011. Private renting increased from 9 per cent to 15 per cent and social renting fell from 19.3 per cent to 17.6 per cent.
Read the rest of this post on Inside Edge, my blog for Inside Housing