As illustrated in the chart above, we can see the amount of bought and rented household accommodations between the year 1918 and 2011, both in England and Wales. The amount is illustrated in percentage.
When comparing both rented and bought household accommodations, the percentage of rented households was at its highest in 1918, while bought household accommodations had their peak in 2001. Rented households lost value in 2001 in comparison to bought household accommodations. The same decrease can be seen in the year 1918.
In 1918, rental accommodation covered almost 80% of all households in England and Wales, which means that most citizens felt renting, was better option, as opposed to buying, which covered slightly over 20% of all bought household accommodations.
In 2001 however, we observe a radical shift in behaviour. Instead of renting, citizens of both England and Wales clearly prefer to invest and buy a household accommodation.
As illustrated in the chart above, we can
see
the amount of
bought
and rented
household
accommodations between the year 1918 and 2011, both in England and Wales. The amount
is illustrated
in percentage.
When comparing both rented and
bought
household
accommodations, the percentage of rented
households
was at its highest in 1918, while
bought
household
accommodations had their peak in 2001. Rented
households
lost value in 2001
in comparison
to
bought
household
accommodations. The same decrease can be
seen
in the year 1918.
In 1918, rental
accommodation
covered almost 80% of all
households
in England and Wales, which means that most citizens felt renting, was better option, as opposed to buying, which covered
slightly
over 20% of all
bought
household
accommodations.
In 2001
however
, we observe a radical shift in
behaviour
.
Instead
of renting, citizens of both England and Wales
clearly
prefer to invest and
buy
a
household
accommodation
.