There are almost a million more people renting their home than there was five years ago according to The National Housing Federation (NHF).

The NHF discovered that private renters are now nine times more likely to have moved in the past 12 months than homeowners, with 28% of renters believing they can’t put down roots as they may have to move again soon. Those with children were slightly higher at 32%.

David Orr, chief executive of the NHF, said: “With house prices continuing to soar out of reach, and typical deposits for first time buyers hitting £30,000, younger generations are seeing their dream of home-ownership replaced with a life of renting.” “It’s clear that the younger generation is being let down, and given no alternative but to move from one short-term let to the next, never being able to save enough to buy because their wages are eaten up by rent.”  

“We’ve found that nearly eight out of 10 people (77%) in England don’t believe any of the main political parties will effectively deal with housing, but they still have the chance to put that right. With a bold long term plan for house building our housing crisis is solvable. We need politicians from all sides to commit to ending the housing crisis within a generation.”

Private renters aged between 25 and 44 years old appear frustrated with 63% saying they thought they would have bought their own home by now, with 56% stating they have rented for longer than planned because they have no alternative.