The above pie charts compare homeownership and rental rates in the UK between the years 1991 and 2007.
Topic 8
Owning a home was the most common kind of housing in 1991, making up 60% or more of the data. The second largest sector came out to be social rental housing, accounting for 23% or roughly one-third of all houses. The remaining homes were mainly privately leased (11%), with social housing making up a very small portion (6%).
The number of homeowners, in contrast, increased to 70%, or nearly three-quarters of all dwellings, in 2007. A large portion of the rise in homeownership may be attributed to the decline in socially leased housing, which was down to 17%.
The proportion of privately rented homes remained constant and unaltered at 11%. However, there were 5 million more dwellings in 2007 than there were in 1991. The percentage of social housing dropped from 6% to 2% between 1991 and 2007, making it the least sought-after kind of housing.