Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Number of Children in Private Rented Sector Nearly Triples Since 2000
The number of children living in the UK’s private rented sector (PRS) has almost tripled over the last quarter century, according to the Resolution Foundation. The think tank reports that the figure has risen from 1.1 million in 2000-01 to 3.2 million in 2024-25.
The Resolution Foundation also states that children are now more likely than working-age adults to live in the PRS, with 23% of children compared to 22% of working-age adults residing in privately rented homes. The PRS has more than doubled in size since the turn of the century, and is increasingly becoming a permanent tenure for many young families.
These findings highlight significant changes in the UK rental market, with implications for letting agents and inventory clerks managing family tenancies. The growing presence of children and families in the PRS may influence property management practices, tenancy agreements, and inventory requirements.
Source: Landlord Today