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UK facing critical rental shortage—what next for generation rent?

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Published on: 09 November 2016

Published by a LexisNexis Local Government expert

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Article summary

Property analysis: A recent report from the Royal Institution of Chartered Surveyors (RICS) claims that the UK is facing a ‘critical rental shortage’. Rising house prices and pressure in social housing have resulted in a more than doubling of the number of households in the private rental sector since 2001, with projections showing that one in four households will be renting privately by 2025, and for the 20–39 age group dubbed ‘generation rent’, the figures will be one in two. Jonathan Northey, partner at DLA Piper, considers some of the options to address the shortage.

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