The English Housing Survey 2023–2024 provides crucial insights for UK residential landlords, particularly those operating in the private rented sector (PRS). This year’s survey, the first since 2019–2020 unaffected by COVID-19 disruptions, highlights significant trends in affordability, housing quality, and tenant demographics.

Private Rented Sector Overview

• Sector Size: The PRS continues to house 19% of all households in England, maintaining stability since 2013–14.

• Property Types: Within the PRS, 34% of dwellings are terraced houses, 29% are purpose-built flats, and 16% are semi-detached houses. GOV.UK

Affordability and Financial Strain

• Rent Burden: Private renters in the lowest income quintile now allocate 63% of their income to rent, up from 56% in 2019–20.

• Financial Difficulties: Approximately 32% of private renters report challenges in affording housing costs, compared to 28% of social renters. GOV.UK

Housing Quality and Space

• Under-Occupation: About 40% of households experience under-occupation, with owner-occupied homes most affected.

• Serious Hazards: Approximately 578,000 households with dependent children reside in homes with Category 1 hazards, indicating serious health and safety risks. GOV.UK

Tenant Demographics and Aspirations

• Concealed Households: Around 1.5 million households (6%) include at least one adult who wishes to move out but cannot afford to do so.

• Homeownership Aspirations: Among private renters expecting to buy, 39% anticipate doing so within two to five years, up from 35% in 2022–23.

These findings underscore the importance for landlords to stay informed about demographic trends, affordability challenges, and housing quality issues within the PRS. Understanding these factors can aid in making informed decisions about property management and tenant relations.

For more detailed information, you can access the full report here: English Housing Survey 2023–2024