It’s according to the housing charity Threshold’s survey of tenants.

tenants. Image shows a key in an open door.

(Source: Pixabay)

More than half of tenants expect to still be renting in five years’ time.

A new survey by Threshold shows only 28 per cent expect to own their home, while 15 per cent think they will be living in social housing by 2027.

The percentage of people who are renting because they cannot buy their own home has increased from 49 per cent in 2020 to 64 per cent in 2022.

Threshold Chief Executive John-Mark McCafferty says many tenants are living in uncertainty:

“The experience of the private renters that we’re assisting and advising – many worry about their future, whether or not they’ll be renting when they retire, what will happen to their children if they must move house and school and those connections to local communities [are lost] and what they’ll do if their rent increases.”