Over the next three to five years, we think that the most likely scenario is that the private rented sector (PRS) continues to expand. By 2015, it is plausible that 16% or even 17% of households will live in privately rented accommodation, up from 14% at present. Over longer horizons, the case for further growth seems to hinge on a shift in tastes and preferences among UK households and/or a shift in housing policy. Both are possible, but clearly they cannot be taken for granted.
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