4 September 2014

In less than five years' time, 17% of households will live in privately rented accommodation, it has been predicted.

The proportion would be up from 14% at present, according to Capital Economics.

The proportion of households in private rental accommodation has been growing steadily, after standing at 10% in 2001.

Ed Stansfield, chief property economist at Capital Economics, said: "Over the next three to five years, we think the most likely scenario is that the private rented sector will continue to expand. By 2015, it is plausible that 16% or even 17% of households will live in privately rented accommodation."

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