How much did private renting increase between 2001 and 2011?

Prepare for the TPI Leasehold Management Level 3 Test. Use flashcards and multiple-choice questions with hints and explanations for thorough understanding. Equip yourself today!

The increase in private renting between 2001 and 2011 is documented as being approximately 1.7 million households. This figure represents a substantial growth in the private rental sector during that decade, reflecting broader trends in housing market dynamics where more individuals and families opted for renting rather than home ownership. This rise can be attributed to various factors such as increased property prices, shifts in social attitudes towards renting, and demographic changes that influenced housing needs. The accurate representation of this growth as 1.7 million households is supported by statistical data collected during census periods and highlights a significant transition in living arrangements during that time.

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