Election time yet again. Whilst the Conservatives will seek to place this one in the context of the Government’s failure to leave the European Union, other issues will almost certainly come into play. Let’s spare a thought for housing.
The 2017 election was cast as the election where the young really made their voice heard. However, it really was the story of the private renter.
Here are three important facts about 2017:
- Turnout amongst renters is rising: Turnout among private renters is still less than home owners, but it jumped by 8% – more than any other tenure – to 53%.
- There was a big movement of private renters to Labour: Labour increased their lead from 11 points to 23 points amongst private renters.
- Housing has risen up the hierarchy for renters: For the general public, housing is a top six issue. But in 2017, it was a top three issue for renters.
Conclusion
Mortgaged home ownership in England has fallen from 42% to 29% since 2000, while private renting has doubled in that time (to 20%). Renters are now a meaningful electorate and if 2017 is something to go by, they are motivated.
This election could be as much about what housing is made available in the future and at what cost to aspirant homeowners and renters then about Brexit. If that’s the case, then we can expect some very interesting results particularly in marginal urban seats. And of course, a big national debate about the idea of rent control. Let me know what you think….
