The English Housing Survey has now been done and it has been published by the government. They have shown that only one out of every five people are now in the private renting sector. This has increased dramatically since the year 1994 and the study also shows that most of them are in fact happy with their accommodation. Another area in which the PRS excelled at included tenant satisfaction. 72% of all tenants stated that they were more than happy with the way that their landlord handled their repairs and this is especially interesting when you compare that to the statistics from years ago.

If you work in property management jobs or even in letting recruitment then you will know more than anyone else how important satisfaction can be. PRS are still more than likely to fail the Statuary Minimum Housing Standard however because 15% of all private houses have a Category 1 hazard. This is great news however as this has halved since 2008. The survey also indicated that 60% of those who were surveyed had the intention to buy a property. Most of them were between the ages of 16 and 24.

Since 1997, the PRS has doubled in size and now more and more people do want to live in privately rented homes. People who are over the age of 75 have 17 years in their rented homes but those who are aged between 16 and 24 only have less than a year. The number of private renters across all age groups is ever rising and this stands at 46% at the moment. This is good news for the housing industry and it is great to see how far things have come over the last couple of years. That being said, there is still a lot of progress to be made.