A glance at the chart given compares the proportion of households who owned and rented in England and Wales over a 93-year period, starting from 1918.
As can be seen from the chart, the percentage of families owning their own home experienced an upward trend, whereas there was a downward trend in that of those who rented houses over the given period. Another interesting feature is that the proportion of households in owned and rented accommodation was the same in the year 1971.
Starting at 23% in 1918, the percentage of households in owned accommodation increased slightly and then reached a peak of approximately 70% in 2001. In the next decade, this figure witnessed a marginal decrease, about 65%.
As for renting accommodation, in 1918, the proportion of households in rented accommodation threefold compared to that of those in owned accommodation, roughly 78%. Then, this figure declined dramatically to 50%, which was the same as households owning in 1971. From 1971 to 2001, it plunged to 32%, but in the next 10 years, it climbed slightly by 4%.
A glance at the chart
given
compares the proportion of
households
who
owned
and rented in England and Wales over a 93-year period, starting from 1918.
As can be
seen
from the chart, the percentage of families owning their
own
home experienced an upward trend, whereas there was a downward trend in that of those who rented
houses
over the
given
period. Another interesting feature is that the proportion of
households
in
owned
and rented
accommodation
was the same in the year 1971.
Starting at 23% in 1918, the percentage of
households
in
owned
accommodation
increased
slightly
and then reached a peak of approximately 70% in 2001. In the
next
decade, this figure witnessed a marginal decrease, about 65%.
As for renting
accommodation
, in 1918, the proportion of
households
in rented
accommodation
threefold compared to that of those in
owned
accommodation
, roughly 78%. Then, this figure declined
dramatically
to 50%, which was the same as
households
owning in 1971. From 1971 to 2001, it plunged to 32%,
but
in the
next
10 years, it climbed
slightly
by 4%.