A recent report by the English Housing Survey shows the majority of tenants in the private rented sector (PRS) are happy with their current accommodation.
The research, published by the government, reveals one in five people in England now live in the PRS.
Some 84 per cent of those participating in the survey indicated their satisfaction with the PRS, compared to 81 per cent in the social housing sector.
Furthermore, 72 per cent of private tenants noted satisfaction with the way their landlord carries out maintenance and repairs, contrasting with 66 per cent of social renters.
The survey indicated 60 per cent of those surveyed stated their intention to eventually buy property.
The majority of these was made up of 16 to 24-year-olds (81 per cent).
In 2016 to 2017, 68 per cent of 266,000 moves out of the private rented sector were to owner-occupation.
The PRS has doubled in size since 1996/97 (when the survey’s current format was introduced).
Today, the results reveal that 4.7 million households now live in privately rented homes.
The mean figure for people to stay in their privately rented home is 3.9 years.
People over the age of 75 have an average of 17 years in their private rented property, whereas 16 to 24-year-olds tend to stay for less than a year.
Generally, the number of private renters across all age groups is rising, with 46 per cent of 25 to 34-year-olds also now living in private rentals (a statistic up by 19 per cent in 10 years).
