Paul Yates: New generation rent

There are many challenges facing the UK housing market. House price inflation exceeding wage growth means that more people are faced with no option but to rent. Since 1997, mortgaged households have reduced from 42% to 30%[1] with ‘generation rent' becoming an accepted part of the UK housing market.  However, demographic changes and economic pressures also mean that people in the UK are leaving the family home later and renting for longer, as they find it increasingly difficult to become a homeowner. Figures show that in 2017/18, there were 4.5 million households in the private ren...