Showing posts with label Young Homeowners. Show all posts
Showing posts with label Young Homeowners. Show all posts

Monday, 22 August 2016

Five Facts About……….Housing

The steady rise in the cost of buying a home shows no sign of abating, as ONS figures reveal that average house prices have risen by 8.7% in the year to June 2016. But house prices are just one part of the story; here are five facts about housing in the UK, from renting to the number of homes being built.
1 The average UK house price was £214,000 in June 2016, £24,000 above its pre-economic downturn peak of £190,000 in September 2007.
2 The percentage of young adult householders owning their home decreased
3 All the countries that constitute Great Britain have experienced rises in their private rental prices since 2011.
4 In both 1995 and 2015 the cheapest small area in England and Wales to buy a property was in Lancashire
5 The overall level of house building in the UK has declined since 1980

For more details go to the ONS website.