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.

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