Writing on the trade body’s website, he responded to the English Housing Survey which found that the number of households in the private rental sector fell by 100,000 in 2014-15.
Data showing the private rental sector has shrunk by 100,000 is no more than a blip, Council of Mortgage Lenders economist Mohammad Jamei has said.
Writing on the trade body’s website, he responded to the English Housing Survey which found that the number of households in the private rental sector fell by 100,000 in 2014-15.
Jamei said: “The general trends that we have seen over the past 15 years are continuing.
“The number of people owning their house outright is increasing, the number of people with a mortgage is falling, and the private sector rented is growing.
“So, we see this year’s data as more of a blip, rather than a reversal of these trends.”
He added: “Notwithstanding stamp duty rate rises and upcoming tax and regulatory changes affecting buy-to-let, we still expect the sector will continue to grow.
“But we expect future growth to be at a slower rate than we have seen recently.”
