A lifetime of renting for more of us?
A flurry of news reports in the past week have told many of us what we’re already thinking: more private renters are facing a lifetime of renting.
First, the Resolution Foundation said that, in ten years’ time, 90% of under-35s on modest incomes will be renting for life.
Then, PwC said 40% of Londoners will be renting from a private landlord by 2025.
And today, the government-commissioned English Housing Survey found that 57% of private renters expect to buy their home – down from 61% in the previous year’s report.