11/12/2012

Daily Telegraph: "Census 2011: Renters soar as proportion of homeowners falls"


Link to Daily Telegraph

"The proportion of residents of England and Wales living in private rented accommodation increased from 9 per cent in 2001 to 15 per cent last year.

"At the same time the number of those who own their own home with a mortgage or other loan dropped from 39 per cent to 33 per cent.

"The shift reflects the growing trend for people in professional jobs to continue renting into their 30s and sometimes even 40s as they struggle to save enough money for a deposit to buy a house or flat."