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Fri 19 Feb 2016

'Generation Rent'

Private renters in London outnumber homeowners for the first time in a more than a decade, official figures show, amid concerns a generation of young families are being permanently priced out of the housing market.

New data from the Government's English Housing Survey, shows some 898,000 households in the capital are living in privately rented accommodation, more than double the 405,000 households who privately rented homes in 2003/04. By comparison 883,000 households live in mortgaged homes, down 17pc from 1m ten years ago.