28% of private renters struggle to pay rent, according to survey findings

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16th July 2020 20:59 - Housing

28% of private renters struggle to pay rent: The latest English Housing Survey 2018-19 has revealed that 28% of people who privately rent their homes find it difficult to pay their rent - while privately rented households spend an average of a third (33%) of their total household income on housing costs. This compares to 27% paid by social renters and 18% by homeowners.

The Government survey also found that 61% of tenants renting privately have no savings at all, while 82% of people renting social housing reported the same. 

The research found that while dissatisfaction in rented accommodation has fallen for private renters, from 10.5% in 2017/18 to 8.7% in 208/19, it had increased for social renters. The number of people dissatisfied with their social rental property in the latest survey had risen to 12.6% from 13% in 2017/18. 

Looking at overcrowding, the survey found that for private renters it had risen from 5.7% to 6.2%, while in the social sector it had increased from 7.8% to 8%. 

Elsewhere in the survey, it was revealed that for the first time since 2012 the proportion of 25-34 year olds who own their own home is now greater than those renting in the same age bracket. 

The survey revealed that 41.2% of 25-34 year-olds in the 2018/19 study are property owners (up from 37.6% in 2017/18), compared to 40.9% who privately rent their homes. 

The proportion of homeowners aged 35-44 years fell slightly from 56.5% in 2017/18 to 54.6% in 2018/19.

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