Private landlords the big property winners

As measured by the increase in the amount of housing equity they own, private landlords have been big winners over the past decade, says the Financial Times.

Their net housing wealth has risen by £434 billion, while over the same period the net equity owned by homeowners with mortgages has actually fallen. Homeowners without mortgages, though, were the biggest winners with £556 billion of gains, largely the result of the post-War boom in home ownership.