housing the forgotten majority: david smith-milne, placefirst
TRANSCRIPT
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David Smith-Milne(MANAGING DIRECTOR)
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And as a result:• 196,000 new PRS households formed in 2016 in addition to 787,000
moves within the sector.
• Predicted parity between renting and mortgaged households by 2025.
• And within all of this:
• Families with children have become largest cohort of renters
• Trebling of 45-64 year old group renting
• Over 65 renters forecast to grow by nearly 200% by 2035
• So, whilst PRS remains most common tenure for young adults, it is far
from just a ‘young’ tenure.
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Meeting residents needs
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Service, Standards &
Neighbourliness
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Final thoughts:• UK housing policy is stuck in a paradigm of ownership.
• But policy is now shifting (slowly) to recognise needs of
Britain’s renters.
• They are a large and diverse population, growing at a
rate quicker than the state alone can cope with.
• PRS actors must act responsibly in delivering safe, secure and quality homes.