Landlord Expert - Free UK landlord Information, Advice & Support - Rental market here for good report shows
BY 2016 demand for private rented accommodation could reach one in five households, resulting in a requirement for an additional 1.1 million rental homes, a new report from Savills and Rightmove forecasts. Some £200 billion investment will be needed to provide the homes required, but only £50 billion of this is forecast to come from buy-to-let funding.
The report, Rental Britain, estimates that there are 4.8 million privately rented homes in Britain, up from just 2.5 million in 2002. In London, private renting already accounts for 27 per cent of all homes (900,000), having overtaken social renting in 2010, which now accounts for just 24 per cent of tenure (783,000 homes).
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