New research* from landlord insurance specialists Cover4LetProperty has revealed that nearly a third of the adult population (31 per cent) are now living in private or social rented property – a seven per cent decrease since April 2017.
The data showed that:
- 28 per cent of private renters said their last rental rise was over a year ago;
- Eight per cent said their last rent increase was within the last six months;
- 29 per cent of renters reported that at their last rent rise, the amount increased by up to five per cent;
- 11 per cent saw a rise of between 6-10 per cent.
The research also revealed that:
- Slightly more women (34 per cent) live in rented accommodation compared to men (28 per cent);
- Eight per cent of Brits live with friends and family;
- Six per cent of respondents had recently moved back home citing “financial reasons”;
- more than one in five Brits (22 per cent) living at home do not pay rent.
*Independent study carried out for Cover4LetProperty October 2017 by Usurv