Belfast Telegraph

Tenants to outnumber homeowners in Northern Ireland

By Staff Reporter

People in private rented accommodation in Northern Ireland may outnumber owner-occupiers by 2025, according to research.

Across the UK, household owner-occupation is projected to fall from a peak of nearly 70% before the financial crisis to around 60% of households by 2025, according to the PwC UK economic outlook.

Dr Esmond Birnie said Northern Ireland was heading in the same direction: "In Northern Ireland the percentage of the total housing stock held by owner-occupiers declined from 67% in 2001 to 66.5% in 2006 and then 61.7% in 2011... In that sense therefore, levels of house ownership Northern Ireland are falling rapidly and are now close to the forecast average UK level expected by 2025."

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