Home ownership fell to its lowest level in 25 years in 2012/13, according to official figures.
The number of private tenants also overtook the number in social housing for the first time in a further indication of how property habits have shifted over the last three years.
The proportion of homes lived in by owner-occupiers has dropped to 65.2% down from 71% in 2003 and its lowest level since 1987, according to the latest English housing survey.
Households in the UK are positive that the value of their home rose at the strongest rate in five years in February.
According to the latest house price index from Knight Frank and Markit Economics, households in every region of England and Wales expect the value of their home to rise over the next 12 months at the strongest rate since the index began in 2009.
The property market in January saw a 56% rise in first time buyers, the biggest rise of any type of buyer.
January also saw a solid 29% rise in the number of buy-to-let landlords, according to new research published this week by Connells Survey & Valuation.
The figures also show demand for rental property remains strong, despite the rise in first-time buyers and increased demand for new homes.
A couple who rented out their property in a ‘dangerous’ condition in Tower Hamlets, East London, have been fined £14,400.
The five-storey terraced house in Bow, was occupied by several tenants, did not comply with security, fire and electrical safety laws.
Landlords Samuel Jenyo and his wife Olusola, from Beckton, were summoned with their company, SAB Associates, and found guilty by Thames Magistrates of offences under the Housing Act.
The Private Rented Sector (PRS) across the UK rose in value by a record £76 billion in 2013 according to property consultants Savills.
The estimated total value of the PRS is now £989 billion, with Savills’ research suggesting that the sector now accounts for almost 19% of the total value of all UK homes; up from 12% a decade ago.
In contrast, owner occupied homes with mortgages have slipped from holding 44% of the total value of the UK’s housing stock to 35% of the total value over the same period.
A survey has found that landlords who currently let property to people on benefits, will not continue to do so after the roll-out of universal credit.
Changes to welfare payments and concerns about the new universal credit system mean that four in five landlords are unwilling to let properties to tenants who receive housing benefits, a survey has found.
Recently it emerged that one of the UK’s best-known landlords, Fergus Wilson, had served eviction notices on tenants claiming benefits, and other big property investors suggested they might follow suit.
A survey by spareroom.co.uk has found that there has already been a sharp decline in the number of landlords offering homes to claimants.
Renting out a property can be a great way to earn a steady income, as long as your tenants pay their rent! Unfortunately, there is always the chance that you will get unreliable tenants who don’t pay you what they owe, leaving you in a bad financial situation!
The good news is that severe rental arrears are at their lowest level ever since 2011. According to recent figures, the number of tenants more than two months behind on rent payments has decreased by 25%. The Office of National Statistics revealed that one in five families in England rent their property from a private landlord.