Property tenure distribution in the United Kingdom 1980-2019

This is the distribution of property tenure in the United Kingdom from 1980 to 2019. In 2018/2019, approximately 64 percent of all housing in the UK was owned and occupied. Renters made up 35.1 percent of all tenure, with 19.3 percent being private renters. Increasing purchasing power and decreasing unemployment provides European consumers with more confidence to enter the housing market, either to buy or to rent a house. Also, the monetary policy of the European Central Bank (ECB) allows for favorable lending conditions. Due to the ECB's artificially low interest rates, mortgage loans in Europe have low interest rates and become more attractive to buy for consumers as lending has become cheaper.