Posted: 30th September 2024

Report claims 390,000 jobs rely on private rented sector

The UK’s largest landlord association, in collaboration with a prominent buy-to-let (BTL) mortgage lender, has released a report asserting that approximately 390,000 jobs are dependent on the private rented sector.

Conducted by PwC, one of the world’s leading business consultancies, the research specifically examines landlords who own fewer than 15 properties. The findings underscore the significant economic impact of this sector, revealing that it contributes around £45 billion to the economies of England and Wales.

The report also raises concerns about the potential repercussions of a downturn in the private rented sector, warning that even a modest 10% contraction could result in the loss of tens of thousands of jobs. This highlights the critical role that the private rented sector plays not only in providing housing but also in supporting employment and economic stability across the region.

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In last summer an open day house has been arranged for my property, it was on sunday (18th August 2013) between 09:30AM to 18:30PM, and on next day afternoon more than 400K price has been achieved by Property Hub for my property. This price was more than what I have initially expected. I would highly recommend every seller to use Property Hub's One Day guarantee deal. Thanks to Property Hub Team.

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