MORE RENTERS ARE SMALL BUSINESS OWNERS

News at Ware & Co | 05/10/2023

  • Newly released data from the 2021 census shows that there were significant changes in the make-up of people living in the private rental sector in the last decade.
  • There was a 17% jump in the proportion of private sector renters working in higher managerial and professional occupations, and today they make up almost one in six.
  • The proportion of private sector renters who own small businesses rose by 30% since 2011 – and there were over 660,000 at the latest count.
  • Renting is becoming a more popular lifestyle choice in the UK and new providers are entering the market to meet the rising demand.
 
Source: Dataloft, Census 2021, Census 2011

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