Phone Us

Rental Sector to Surpass Home Ownership in London by 2025

London’s property market is set to become dominated by rental properties by 2025 according to a new report.

London Property Market Investment

London’s property market is set to become dominated by rental properties by 2025 according to a new report.

The research from PwC has found that UK owner occupation of residential properties is likely to fall as low as 60% by 2025, declining from a level of nearly 70% prior to 2008’s financial crisis and bringing a century of home ownership growth come to an end.


In London, the shift towards rental property is expected to be much greater, where as many as 60% of homes could be placed within the private rental sector and just 40% of Londoners owning their own properties.


Rental sector growth is also expected to be seen in the rest of the UK, with significant increases expected in the north of England, Scotland and Northern Ireland. The rental markets in these areas are significantly smaller than in London and the report predicts that they are likely to be the biggest beneficiaries of rental growth in the UK.


PwC has indicated that a lack of supply in the UK market, increasing house prices and a change in attitude towards renting amongst younger generations demonstrates a shift in the market that is likely to resonate in the coming decade.


With the number of households in the private rented sector having already doubled since 2001, this latest research indicates that there could be as many as 1.8 million households added to the market by 2025, creating a total number of 7.2 million properties in the UK being rented.

X
Cookies on our website:
This website uses cookies.
I'm OK with this Cookie Settings ?