By David, Professor Hughes, Stuart, Dr Lowe
The privately rented housing industry has principally catered for younger, cellular humans and scholars because it used to be deregulated within the united kingdom. during this quantity, key writers supply well timed insights into this speedily evolving marketplace. This quantity is predicated on new, unique examine which brings jointly experts in housing coverage and criminal stories, with their universal and more and more interdependent wisdom base concerning the privately rented region and its destiny path. the gathering opens with an outline of the old context and up to date alterations to the field, similar to the fast and persevered enlargement of the buy-to-let industry, by way of a dialogue of the criteria shaping the modern industry. The members exhibit how the hot regulatory atmosphere is commencing a chain of matters with major strength to impact (and in all probability harm) the marketplace. the quantity will curiosity teachers and scholars in social and public coverage, legislation and housing experiences, in addition to legislation practices and housing authorities.
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Additional resources for The Private Rented Housing Market
Output areas are the smallest units for which socio-economic data are released from the Census. They vary broadly in geographic extent, but typically The Private Rented Housing Market 32 include 130 households (300 persons), and are designed to be relatively socially homogenous. 9 per cent of all the variability in rents between properties. If presence in the same output area were treated as implying identical location, then one ﬁfth of the variability of rent would be attributable to variation between properties of identical size and type and at identical locations.
It collects and records two different types of data used for this analysis. The ﬁrst, Market Evidence Data (MED) are collected from estate and letting agents and are direct observations of private rental transactions. TRS record the rent and the property variables within their database. These rental observations are used as evidence in setting rent for Housing Beneﬁt (HB) purposes. When a rent is assessed for HB, this rent is also recorded (along with the property characteristics). Over 60,000 MED records were made available by TRS for this analysis.
The number of bedrooms and the neighbourhood characteristics are included to explain the variation between observed rents and the location rent. The number of bedrooms adds 35 per cent to the explanatory power of the model. Geodemographic classiﬁcations such as MOSAIC use cluster analysis techniques to identify families of areas whose social and demographic characteristics are broadly similar (having regard to census data and other variables). g. electoral register), and market variables, divides unit postcodes into 12 main groups and 52 sub-types.
The Private Rented Housing Market by David, Professor Hughes, Stuart, Dr Lowe