Evolving Private Rented Sector: Contribution and Potential
Explore the evolving landscape of the private rented sector (PRS) through themes like marketization, changing demographics, and policy impacts. Dive into key characteristics and growth trends, offering insights into the sector's ability to provide social housing.
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The Evolving Private Rented Sector: Its Contribution and Potential Julie Rugg and David Rhodes www.york.ac.uk/chp
Overall structure of presentation Changing contexts for the PRS Selected themes Recommendations Questions www.york.ac.uk/chp www.york.ac.uk/chp
Changing contexts for the PRS Policy ambivalence Welfare Reform Homelessness Reduction Act Tenure blur Devolution www.york.ac.uk/chp www.york.ac.uk/chp
Themes Growth in the sector Supply-side characteristics Marketization and financialization Changing demographics Property conditions Can the PRS deliver social housing? www.york.ac.uk/chp www.york.ac.uk/chp
Growth in the sector www.york.ac.uk/chp www.york.ac.uk/chp
Growth in the sector Slowing growth of the PRS in England 25 5,000 4,500 20 4,000 3,500 N. PRS dwellings % of total stock 15 3,000 N. PRS dwellings % of total stock 2,500 10 2,000 1,500 5 1,000 500 0 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 www.york.ac.uk/chp www.york.ac.uk/chp
Themes Supply-side characteristics www.york.ac.uk/chp www.york.ac.uk/chp
Themes Marketization and financialization www.york.ac.uk/chp www.york.ac.uk/chp
Marketization and financialization www.york.ac.uk/chp www.york.ac.uk/chp
Themes Changing demographics www.york.ac.uk/chp www.york.ac.uk/chp
Selected characteristics of the PRS (2001/02 to 2015/16) 01/02 (%) 03/04 (%) 05/06 (%) 07/08 (%) 09/10 (%) 11/12 (%) 13/14 (%) 15/16 (%) Selected characteristics Rented unfurnished 68 68 73 72 76 79 80 79 Lived at address for <1 year 40 38 38 41 39 36 27 26 Lived at address for 1 to <3 years 28 30 31 29 33 33 37 36 Lived at address for 3 to <10 years 17 19 19 19 18 22 28 30 Lived at address for 10+ years 15 12 13 11 10 10 9 9 Single person households 36 33 34 34 32 29 27 30 Couples with dependent children 14 15 14 17 19 20 22 22 Households with a child aged under 5 12 13 13 16 17 19 21 20 Households with dependent child of any age 24 26 26 27 31 32 35 34 HRP in work (full or part-time) 65 68 68 70 69 73 73 75 HRP retired 12 9 10 9 7 7 6 6 Claimants full rent not covered by HB/LHA 68 68 67 72 74 82 84 85 www.york.ac.uk/chp www.york.ac.uk/chp
Temporary accommodation Local authorities use of out of borough placement in 2017/18 www.york.ac.uk/chp www.york.ac.uk/chp
Themes Property conditions in the PRS www.york.ac.uk/chp www.york.ac.uk/chp
Property quality www.york.ac.uk/chp www.york.ac.uk/chp
Selected recommendations Security and insecurity Devise a strategy Deconstruct silos Adopt a new approach to regulation Property MOT Landlord register HMO register Support the HB market www.york.ac.uk/chp www.york.ac.uk/chp
