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The Guardian - UK

Politics

Robert Booth Social affairs correspondent

‘Vast’ growth in value of England rentals since 1990 would have built 3m council homes

England Interest Rates capital gains London Office for National Statistics Tax Cuts

Flats to let signs. — Growth in value of rental properties is equivalent to the amount needed to build more than 50 times the number of council homes that were actually built in England in that period. Photograph: Islandstock/Alamy

Private landlords in England have made enough money from rising house prices in the last three decades to build at least 3m council homes, research suggests.

Owners of private rental properties have seen their assets grow in value by £400bn since 1990, equivalent to the amount needed to build more than 50 times the number of council homes that were actually built in England in that period.

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