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ownership and renting of houses

The figure illustrates the percentage of the ownership and rent of houses in different countries which were a part of the United Kingdom from 1918 to 2011.

In general, it is evident from the information given that the rent of houses fell steadily over the 80-year period, whilst ownership houses rose quickly. The year 1971 marks the point at which owned apartments overtook that for rent.

In 1918, in England and Wales, renters held accounted for approximately 80 percent of apartments, compared to the owner held nearly accounted for 22 percent. Over the following four decades, household renters dropped by 30 percent. By Contrast, household ownership has grown by almost 30 percent.

Also noteworthy is the fact that in the year 1971, the people of the household in England and Wales held the same accounted percentage on both ownership and renters, holding just over 50percent on each. By 2011, household owners had reached approximately 65 percent, while the figure for renters had fallen to just over half this account.