Rent rises, and lack of access to credit, are trapping an increasing number of young families in the private rented sector, according to a new report commissioned by Shelter and the Resolution Foundation.
“The increase in the proportion of families with children who are renting privately will be most stark in London, it says, rising from 25% now to 33% by 2025. Overall, it predicts that more than a third (36%) of British households will be renting by 2025.”
This is bad news. The PRS is the most expensive form of tenure, with many families struggling to pay their rent, and rent now accounts for nearly half of the average British family’s monthly earnings. Unless progressive reforms are made, all of these new families will continue to be exploited by landlords, living in rent poverty, fuel poverty, and with terrible security of tenure.
We believe that private tenants now more than ever need to join or start groups like the National Private Tenants Organisation (England) and EPTAG, to fight for tenants rights, or be doomed to a lifetime in expensive and precarious housing.
Read about the report in the Guardian here