UK home to world’s fourth largest rental market

The UK ranks fourth in the global rankings for total volume of privately rented properties, with just the United States, Germany and Japan home to more rental homes, according to new research. Across the UK there are estimated to be over 29.5m homes within the current property market. 30% of these are thought to be privately rented, meaning the UK’s buy-to-let stock totals over 8.7m homes. This places the UK within the top four OECD nations based on the total number of rental properties within the private rental sector. Octane Capital analysed the size of the private rental market across OECD nations, based on the total number of dwellings, the proportion of these attributed to private rentals and what this equates to in terms of the total number of rental homes in each market. Top of the table is the United States, where an estimated 34% of the nation’s 139.7m homes are privately rented – a total of 47.7m rental homes. With just shy of 20m privately rented homes, Germany ranks second but some way behind the United States, with Japan also home to more rental homes than the UK at 8.7m in total. France completes the top five and trails the UK with some 8.3m rental properties within the private rental sector.

City A.M.