Private rented sector expected to double by 2035
The private rented sector is set to more than double in size from a housing stock of 4.9 million properties in 2012 to 13.2 million by 2035, according to peer-to-peer lending company Landbay. With a growing population and life expectancies projected to continue rising, the strain on public services and demands for housing are likely to increase. John Goodhall, co-founder and chief executive of Landbay, commented that the UK is moving towards a European model of housing where home ownership sits comfortably alongside an equally aspirational population of tenants.
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