In 2023, the there were more private renters in London, England, than owner-occupiers with a mortgage. Approximately 1.1 million households occupied a privately rented home, compared to less than a million that were buying a home with a mortgage. Additionally, approximately 881,000 households owned their home without a mortgage. Although buying a house in London is far from affordable, it is still cheaper than renting.
Number of households in London, England from 2008 to 2023, by tenure
(in 1,000s)
Characteristic
Own outright
Buying with mortgage
Private renters
Local authority
Housing association
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Department for Communities and Local Government (UK). (December 14, 2023). Number of households in London, England from 2008 to 2023, by tenure (in 1,000s) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/755789/households-by-tenure-england/
Department for Communities and Local Government (UK). "Number of households in London, England from 2008 to 2023, by tenure (in 1,000s)." Chart. December 14, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/755789/households-by-tenure-england/
Department for Communities and Local Government (UK). (2023). Number of households in London, England from 2008 to 2023, by tenure (in 1,000s). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/755789/households-by-tenure-england/
Department for Communities and Local Government (UK). "Number of Households in London, England from 2008 to 2023, by Tenure (in 1,000s)." Statista, Statista Inc., 14 Dec 2023, https://www.statista.com/statistics/755789/households-by-tenure-england/
Department for Communities and Local Government (UK), Number of households in London, England from 2008 to 2023, by tenure (in 1,000s) Statista, https://www.statista.com/statistics/755789/households-by-tenure-england/ (last visited July 22, 2024)
Number of households in London, England from 2008 to 2023, by tenure (in 1,000s) [Graph], Department for Communities and Local Government (UK), December 14, 2023. [Online]. Available: https://www.statista.com/statistics/755789/households-by-tenure-england/