The provided bar chart illustrates the percentage of households in owned and rented accommodation in England and Wales from 1918-2011.
Most noticeably of all, it can be seen that during this period, owned accommodation considerably grew until it reached the peak at 69% in 2001. By contrast rented accommodation progressively decreased, with a minimum in the same year of the maximum reached by owned accommodation.
A trend that can be observed is that in 1971 the percentage of owned and rented accommodation meet with the same percentage of 50%. Another interesting trend happened from 1939 to 1953, where both owned and rented accommodation kept constant value at 31%.
It also worth noting that from 2001 to 2011 there was an inversion of trend; infact owned accommodation broken the general increasing with a slightly decrease of 3-5%, a contrast trend can be observed for rental accommodation.
Overall, the bar chart illustrates a bipartite market with a specular trend for the 2 actors where a peak of one correspond to minimum of the other and an increasing for owned accommodation implicate a decreasing for rented accommodation.
The provided bar chart illustrates the percentage of households in
owned
and rented
accommodation
in England and Wales from 1918-2011.
Most
noticeably
of all, it can be
seen
that during this period,
owned
accommodation
considerably
grew until it reached the peak at 69% in 2001. By contrast rented
accommodation
progressively
decreased, with a minimum in the same year of the maximum reached by
owned
accommodation.
A
trend
that can
be observed
is that in 1971 the percentage of
owned
and rented
accommodation
meet
with the same percentage of 50%. Another interesting
trend
happened from 1939 to 1953, where both
owned
and rented
accommodation
kept
constant value at 31%.
It
also
worth noting that from 2001 to 2011 there was an inversion of
trend
;
infact
owned
accommodation
broken the general increasing with a
slightly decrease
of 3-5%, a contrast
trend
can
be observed
for rental accommodation.
Overall
, the bar chart illustrates a bipartite market with a specular
trend
for the 2 actors where a peak of one correspond to minimum of the other and an increasing for
owned
accommodation
implicate a decreasing for rented
accommodation
.