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

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owning and renting

accommodation

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

Overall

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the percentage of

households

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in owned

accommodation

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was substantially lower than those in rented

accommodation

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till 1971. after the year 1971, the share of

households

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owning

accommodation

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had started to rise. In 1918

households

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in owned

accommodation

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with 23%, had its lowest share in the market

while

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renting

accommodation

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

accommodation

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increased to 31% in 1939,

while

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households

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in rent

accommodation

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dropped to 69%,

this

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

Whereas

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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

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

households

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reaching a peak in 2001 at approximately 70%.

Conversely

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, the percentage of rented

households

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

However

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, in the

last

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

reversed

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reversal

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of

this

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trend. The percentage of owned

households

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decreased to just below 65%,

while

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rented

accommodation

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saw a rise to around 35%.