Private rental sector tenants in England stay in properties for just over four years, new government figures have revealed.
The English Housing Survey showed tenants rented a property for an average of 4.1 years in 2017/18, compared to 3.9 years n 2016/17.
The figures also showed the proportion of income spent on private rents was 32.9% in 2017-18, down from 34.3% the year before, and from 36.4% in 2014/15.
Read more: Less than 4% of Landlords are full-time
The English Housing Survey, which is commissioned by the Ministry of Housing, Communities and Local Government (MHCLG), collects information about people’s housing circumstances and the condition and energy efficiency of housing in England.
Published in January, the survey also showed how much the private rental sector has grown in the last decade.
In London, it has increased from 19% of households in 2007-08 to 29% in 2017-18, and outside of London from 10% to 18%.
In 2007-08, 28% of those aged 25-34 lived in the private rented sector. By 2017-18 this had increased to 44%. Over the same period, the proportion of 25-34 year olds in owner occupation decreased from 55% to 38%. In other words, households with a HRP aged 25-34 are more likely to be renting privately than buying their own home, a continuation of a trend first identified in 2012-13.
About three quarters (76%) of private renters were working, with 65% in full-time work and 12% in part-time work. Smaller proportions of private renters were retired (8%), in full-time education (5%), or unemployed (3%).
Half (49%) of private renters had lived in the private rented sector for less than 5 years while 25% had been in the sector for 5-9 years and 26% for 10 or more years,