Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
PRS Now Houses 3.2 Million Children, Reports Resolution Foundation
The number of children living in privately rented homes has tripled since 2000, according to a report highlighted by Property118. The Resolution Foundation states that 3.2 million children are now living in the private rented sector (PRS) in 2024-25, compared to 1.1 million in 2000-01.
This shift indicates that landlords are accommodating a generation of young families for longer periods. The data underscores a significant change in the demographics of the PRS, with more families and children now reliant on privately rented accommodation.
For UK letting agents and inventory clerks, this trend may have implications for property management, tenancy agreements, and the types of properties in demand. The increase in families renting privately could influence requirements for larger homes and longer-term tenancies.
Source: Property118