While we wait for the 2021 census housing data we look to the newly published 2020/21 English housing Survey data to help us understand the changing relationship we have with our homes since the last census.
Since 2011/12, owner occupiers have seen a drop in their length of tenure, from an average 17.1 years in their accommodation to 16 years in the new 2020/21 survey results, in contrast, private renters have increased their tenure length, increasing from and average of 3.8 years in 2011/12 to 4.2 years in 2020/21, I expect this to continue in Crawley especially as 39% of the population are families who want stability.
This slight swing to longer private tenancies also come amidst of a new cost of living crisis where the English Housing Survey reports 52% of private renters feel that they are unlikely to be able to buy a home. In 2011/12 this figure was 41%.
Demand for rental property is incredibly high at the moment in Crawley with hundreds of tenants looking for their next rental property, it has never been such a good time to consider investing in property.
Source Dataloft, DLUHC English Housing Survey 2021/22 and 2011/12