Property tenure distribution in the UK 1980-2021

In 2021, approximately 65 percent of all housing in the UK was owned and occupied. Renters made up about 35 percent of all tenure, with 19 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.