Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.

Report: Private Rental Sector Now Home to 3.2 Million Children

A new report indicates that the private rental sector is increasingly serving as a long-term home for families, rather than just a temporary step towards home ownership. According to the Resolution Foundation, 3.2 million children are now living in privately rented homes, almost triple the 1.1 million recorded around 25 years ago.

The report also highlights significant growth in the overall private rented sector. Over the same period, the sector has more than doubled in size, now comprising 12.9 million individuals living in approximately 5.1 million households.

These figures underline the growing importance of the private rental sector for families across the UK. For letting agents and inventory clerks, the data suggests a shift in the profile of tenants, with more families relying on rented accommodation as a long-term solution.