The UK needs nearly 230,000 new private rented homes a year, according to an economics consultancy.
The National Residential Landlords Association (NRLA) commissioned Capital Economics to carry out the research.
Capital Economics found that if owner occupation and social housing continue at their typical rate of growth, the private rented sector supply would have to increase by 227,000 homes per year to meet government targets and an anticipated 1.8 million new households over the next decade.