Flats tenure share in the United Kingdom 2018, by dwelling type

This is the share of tenure in flats in the private and social sector in the United Kingdom as of 2018, by dwelling type. As of 2018, approximately 1.6 percent of all converted flats in the UK were owner occupied. Private renters made up 10.6 percent of converted flats. Increasing purchasing power and decreasing unemployment provides European consumers with more confidence to enter the housing market, either to buy or to rent a house. Also, the monetary policy of the European Central Bank (ECB) allows for favorable lending conditions. Due to the ECB's artificially low interest rates, mortgage loans in Europe also have low interest rates and become more attractive to buy for consumers as lending has become cheaper.