the chart below shows the percentage of households in owned and rented accommodation in England and Wales between 1918 and 2011

the bar chart illustrates the changes in the proportion of

households

owning and renting

accommodation

in England and Wales in about a century from 1918 to 2011.

Overall

the percentage of

households

in owned

accommodation

was substantially lower than those in rented

accommodation

till 1971. after the year 1971, the share of

households

owning

accommodation

had started to rise. In 1918

households

in owned

accommodation

with 23%, had its lowest share in the market

while

renting

accommodation

experienced its peak in England and Wales with 77%. After that owning

accommodation

increased to 31% in 1939,

while

households

in rent

accommodation

dropped to 69%,

this

number stayed constant in 1953. The chart continued changing that 41% of people were living in their own houses in 1961,

Whereas

59% had rented the place they were staying in. A significant shift occurred by 1971 when for the first time, the percentages almost equalized at 50% after that ownership started overtaking renting trends in 1981 owned accommodations share was more than rented

accommodation

with 60% and 40% respectively. The trend continued emerging with a steady increase in the proportion of owned

households

reaching a peak in 2001 at approximately 70%.

Conversely

, the percentage of rented

households

declined constantly, hitting its lowest point at about 30% in the same year.

However

, in the

last

decade shown, from 2001 to 2011, there was a slight

reversed

Replace the word

reversal

show examples

of

this

trend. The percentage of owned

households

decreased to just below 65%,

while

rented

accommodation

saw a rise to around 35%.