The given bar chart illustrates how many households owned and rented places in England and Wales during the period of 93 years.
The chart depicts the percentage of families who lived in their own houses vs rented from 1918 to 2011.
It can be clearly observed that the trends of owning a place and renting were inverted over 93 years. Most households have bought an accommodation rather than leasing it.
Almost one-third of residents in England and Wales preferred paying rent over getting a temporary residence in 1918. The rates were around 77% and 23% respectively.
However
, this
has changed over time with a steady fall in renters up to 30% in 2001. Thereafter
, this
ratio goes up by around 7% in 2011. However
, it is a little less than half of the population of homeowners.
In contrast
, proportion
of the population buying a house, significantly grew to at least 65% by the year 2011. Add an article
the proportion
In addition
, this
upward movement clearly tripled from the year 1918 to 2011. Furthermore
, in 1971 the households consisted of exactly half of both groupsSubmitted by prarthana1r on
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