The Private Rented Sector has now doubled


The Private Rented Sector (PRS) has doubled in size since 2004 whilst homeownership has also fallen to its lowest rate since 1985, the latest English Housing Survey has revealed.

The survey is produced by the Department for Communities and Local Government and revealed that of the roughly 22.8 million households in England, 14.3 million were owner-occupied in 2015-2016.

The Private Rented Sector has almost exploded in size and accounts now for more than 4.5 million households in the country.

John Goodall, CEO and co-founder of Landbay, said: “As house prices rise further out of reach of aspiring homeowners, home ownership levels have dwindled. Generation Rent is growing both in volume and household size, with people now more likely than ever to be in rental accommodation not just as young adults, but also as they begin and grow their families.”

According to Goodall, this is a problem that particularly continues to grow in London where extra space comes at a tremendous extra cost.

“Whether tenants are renting as a stepping stone on the way to home ownership or, increasingly, renting for life, more people than ever are reliant on a well-served buy to let market to ensure price growth doesn’t become unbearable,” he continues.

“Last month’s Housing White Paper was a promising sign that the private rented sector may finally start to be given the investment and attention it needs to prevent the market from boiling over.”

With the budget coming up later this week, Chancellor Hammond will get another perfect opportunity to show his commitment to build-to-rent developments and to prioritising where in the country they’re needed the most.

CityGreens, Solihull, Birmingham

City-style apartments directly on Birmingham's largest park

  • Limited pre-launch prices.
  • ZERO ground rent
  • Excellent tenant demand

£182,000 - £419,000

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000


Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator


Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.


Not a member? Sign up for free

The Private Rented Sector has now doubled

The Private Rented Sector has now doubled


By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.