Over half of UK homes to be rented by 2032
A new report by IMLA has revealed for the first time in 60 years over half of all homes in the UK will be rented out by 2032.
The IMLA report identifies multiple trends driving the rise of private renting by creating extra demand, including: the fall in social housing; growing obstacles to home ownership; changes in the employment landscape; greater numbers of students; high levels of immigration; later marriage and rising separation rates.
It emphasises that failing to increase UK housing supply in line with population and household growth is the major cause of first-time buyer frustrations and the heightened sense of competition for buying homes.
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