Less than one-third of tenants rent their homes by choice.
That's according to a new Tenant Sentiment Survey from Threshold, which found the remaining 71% rent in the private sector, because they cannot afford a mortgage to buy a property or attain social housing.
The survey of more than 300 tenants, who had used Threshold's service, was carried out in April.
It also found that 96% of tenants found it either difficult or extremely difficult to find rental accommodation.
Our survey of tenants reveals that 14% of tenants are spending more than half of their take-home pay on rent. Renting is increasingly becoming out of reach for many people. Find out more at https://t.co/cfJZwXzNrE pic.twitter.com/AzQ1iwdYB2
— Threshold (@ThresholdIRE) June 11, 2018
While 45% spend nearly one-tthird (30%) of their take home pay on rent, with 14% saying they spend more than half of their earnings on rent.
Some 70% of tenants have been renting for five years or longer, with 44% still expecting to be renting in five years’ time.
And 47% of tenants said they felt insecure in their tenancy - with 31% having experienced a rent increase in the previous 12 months.
Of those, 65% said the rent had been increased in excess of the 4% Rent Pressure Zone cap.