Taking the strain - The private rented sector in the recession
By: Liam Reynolds and Jackie Smith Published: November 2009
Money Advice Trust commissioned Shelter in February 2009 to carry out research into the impact of the current economic downturn on the private rented sector and to identify ways in which advice services could serve the sector better.
For many years private tenants have been found to be particularly vulnerable to financial pressures. Their housing costs are relatively high and this pushes a disproportionate number of them below the poverty line. Shelter’s research reveals that the recession has exacerbated the financial difficulties of many private sector tenants. The current economic climate and rapidly changing housing market is also posing challenges for landlords.