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The private rented sector: an exercise in evidence-based policy

Review principles. Mindful of misinformation and stereotypingAttention to definitionQuestion evidence bases and where possible provide fresh data/analysis. Supply-side characteristics. Between 1993/4 and 2006 the proportion of landlords who were individuals/couples increased 61 per cent

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The private rented sector: an exercise in evidence-based policy

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    1. The private rented sector: an exercise in evidence-based policy Dr Julie Rugg Centre for Housing Policy University of York

    2. Review principles Mindful of misinformation and stereotyping Attention to definition Question evidence bases and where possible provide fresh data/analysis

    3. Supply-side characteristics Between 1993/4 and 2006 the proportion of landlords who were individuals/couples increased 61 per cent to 73 per cent Estimated 1.2m landlords but no exact data on increase in landlord numbers in recent years Increase in proportion of landlords giving ‘investment’ as their motive for letting, from 48 per cent to 70 per cent between 1993/4 and 2006. In 2007, 46 per cent buy to let mortgages were remortgages

    4. The roles of renting in housing biographies #1 The PRS plays an essential role in ‘oiling’ the housing market and easing transitions from tenure to tenure The image of a youthful, mobile, better educated sector hides substantial tenant diversity

    5. The roles of renting in housing biographies #2 21 per cent of private renters are ‘new’ households, wanting to live independently or moving in with a partner 16 per cent of private renters are full-time students 9 per cent were renting from employers 22 per cent of private renters who moved in the last three years did so for work-related reasons 35 per cent of moves from owner occupation to private rental were a consequence of relationship breakdown 40 per cent of renters had been at their current address for a year or less; 63 per cent of those were in full-time employment, and another 13 per cent of those were full-time students Just over a fifth of private renters had been in their current address for five or more years

    6. Niche markets ‘Young professionals Students People in receipt of LHA/HB Slum rental Tied housing High-income renters Immigrants Asylum seekers People in temporary accommodation Regulated tenancies

    7. Understanding the private rented sector Diverse sub-markets Sub-markets not mutually exclusive Spatial variation Expansion in one part of the market may mean contraction in another part

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