a place to call home, uk housing in numbers

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A place to call home UK Housing in Numbers

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Page 1: A Place to Call Home, UK housing in numbers

A place to call homeUK Housing in Numbers

Page 2: A Place to Call Home, UK housing in numbers

Demographics

Page 3: A Place to Call Home, UK housing in numbers

UK population64.1 million

http://www.ons.gov.uk/ons/rel/pop-estimate/population-estimates-for-uk--england-and-wales--scotland-and-northern-ireland/2013/index.htmlhttp://www.ons.gov.uk/ons/rel/census/2011-census/population-estimates-by-five-year-age-bands--and-household-estimates--for-local-authorities-in-the-united-kingdom/index.html

Population

Average population density

261 PEOPLE per square kilometre

The UK’s population has increased by around 5 million since 2001

Net migration

183,400

All figures mid-2013 estimate

64.1 MILLION

Page 4: A Place to Call Home, UK housing in numbers

Population

The population of

England53.9 Million

The population of

Scotland5.3 Million

The population of

Wales 3.1 Million

The population of

Northern Ireland1.8 Million

All figures mid-2013 estimate

http://www.ons.gov.uk/ons/rel/census/2011-census/population-estimates-by-five-year-age-bands--and-household-estimates--for-local-authorities-in-the-united-kingdom/index.html

Page 5: A Place to Call Home, UK housing in numbers

Population Breakdown

Females 50.81%

(32,572,800}

39.9The median age of the UK population

http://ons.gov.uk/ons/dcp171778_367167.pdfhttp://en.wikipedia.org/wiki/Demography_of_the_United_Kingdom

Aged 25-348.43 Million

(13.3%)

Males 49.19%

(31,532,900)

Aged Under 1511.1 Million

(17.6%)

Aged 15-248.39 Million

(13.1%)

Aged 65+ 10.38 Million

(16.4%)

Aged 45-64 16.15 Million

(25.5%)

Aged 35-44 8.82 Million

(13.9%)

Page 6: A Place to Call Home, UK housing in numbers

The population ofGreater London

8.42 million (Estimate 2013)

The population

of Bristol

437,500(Estimate 2014)

The population ofGreater Manchester2.68 million

(2011)

http://www.bristol.gov.uk/page/council-and-democracy/population-bristolhttp://www.manchesterconfidential.co.uk/News/The-2011-Census-Greater-Manchester-Resultshttps://www.london.gov.uk/mayor-assembly/mayor/publications/gla-intelligence/demography/population

Key Cities

8.42 million

2.68 million

Page 7: A Place to Call Home, UK housing in numbers

26.4 million households in the UK

(2013)

29%1 person households

35%

2 person households

16% 3 person households

20% 4 people or more

http://www.ons.gov.uk/ons/dcp171778_332633.pdf

Households

26.4 million

Page 8: A Place to Call Home, UK housing in numbers

http://www.ons.gov.uk/ons/dcp171778_366530.pdfhttp://www.ons.gov.uk/ons/rel/vsob1/divorces-in-england-and-wales/2012/stb-divorces-2012.html

The average age of marriage

Marriage

Men 32.4 years

Women 30.3 years

42% of marriages

end in divorce

262,240 marriages registered in England and Wales

(2012)

118,140 divorces

in England and Wales(2012)

Page 9: A Place to Call Home, UK housing in numbers

Birth

The average age of first time mothers in England and Wales

30 (2013)

1.85 Children per woman

(2013)

698,512 live births in

England and Wales (2013)

http://www.ons.gov.uk/ons/rel/vsob1/birth-summary-tables--england-and-wales/2013/info-births-2013.html

Fertility rate in England and Wales

Page 10: A Place to Call Home, UK housing in numbers

Families

18.2 million families in the UK

(2013)

65% married couple families

18% lone parent families

17% cohabiting couple families

http://www.ons.gov.uk/ons/dcp171778_332633.pdf

Page 11: A Place to Call Home, UK housing in numbers

1.7dependent children

per family on average (UK 2012)

52.6% of children in England and Wales are born to

parents who are married or in a civil partnership

(2013)

http://www.ons.gov.uk/ons/rel/vsob1/birth-summary-tables--england-and-wales/2013/info-births-2013.html http://www.ons.gov.uk/ons/rel/family-demography/family-size/2012/family-size-rpt.htmlhttp://www.ons.gov.uk/ons/rel/family-demography/families-and-households/2013/stb-families.html?format=print

13.3 MILLIONdependent children living

in families in the UK (2013)

Children

Page 12: A Place to Call Home, UK housing in numbers

Healthy life expectancy(England 2012)

http://www.ons.gov.uk/ons/rel/disability-and-health-measurement/healthy-life-expectancy-at-birth-for-upper-tier-local-authorities--england/2010-12/stb---healthy-life-expectancy.htmlhttp://www.ons.gov.uk/ons/rel/lifetables/national-life-tables/2011-2013/stb-uk-2011-2013.htmlhttp://www.ons.gov.uk/ons/rel/vsob1/mortality-statistics--deaths-registered-in-england-and-wales--series-dr-/2013/stb-deaths-registered-in-england-and-wales-in-2013-by-cause.html

Death

The average life expectancy UK

Females 82.7 years

Males 78.9 years

506,790 deaths registered in England and Wales

(2013)

Females 64.1 years

Males 63.4 years

Page 13: A Place to Call Home, UK housing in numbers

Housing

Page 14: A Place to Call Home, UK housing in numbers

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

Housing Numbers

22.7 million dwellings in England

(2012 Estimate)

18.9 million dwellings were in the private sector

(2012 Estimate)

3.8 million dwellings were in the social sector

(2012 Estimate)

22.7 million 18.9

million 3.8 million

All figures for England 2012-2013

Page 15: A Place to Call Home, UK housing in numbers

Terraced housing is the most common type of residential property

6.3 MILLION

Purposed built high rise flats are the least common type

of residential property 420,000

The vast majority of housing in England is in a suburban residential area

14.1 MILLION

Housing Type

635,127 empty homes

in England(2013)

80% of all dwellings were houses

(2012)

http://www.emptyhomes.com/statistics-2/empty-homes-statistice-201112/https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

59,313 empty homes

in London (2014)

Page 16: A Place to Call Home, UK housing in numbers

65%

of households are owner-occupiers

(14.3 million households)

18% of households rent privately

(4.0 million households)

17% of households

are social renters(3.7 million households)

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

Tenure

All figures for England 2012-2013

Page 17: A Place to Call Home, UK housing in numbers

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

Homeowners had moved on average 1.8 times over the last 10 years,

compared to private renters who had moved 3.0 times

(2012-13)

Average length of residence for owner occupiers it was 17.3 years, for social renters it was 11.3 years, and

for private renters was 3.8 years(2012-13)

Moving and Occupancy

All figures for England 2012-2013

Page 18: A Place to Call Home, UK housing in numbers

Moving and Occupancy

20% of private renters had lived in their homes for at least 5 years. 34% had been in their

home for less than a year(2012-13)

81% of owner occupiers had been in their home for at least five years. 4% had been in their home for less than a year

(2012-13)

62% of social renters had lived in their home for at least

5 years. 10% had been resident less than a year

(2012-13)

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

All figures for England 2012-2013

Page 19: A Place to Call Home, UK housing in numbers

62%

of householders that owned outright were retired, consistent with the

older age profile of this group(2012-13)

33% of owner occupiers in England own outright

(2012-13)

Owner occupation peaked in 2003 at

70.9%

Rates of owner-occupation are at the lowest proportion since

1987

Homeowners

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

All figures for England 2012-2013

Page 20: A Place to Call Home, UK housing in numbers

The average age of a first time buyer is

32

http://data.jrf.org.uk/data/first-time-buyers/http://www.propertywire.com/news/europe/uk-first-time-buyers-201405309192.htmlhttp://www.housing.org.uk/publications/browse/home-truths-2014/

First Time Buyers

However the average first time buyer in the UK

expects to be 36 when they buy their first home

(2014)

Two thirds of first-time buyers receive financial

help from parents, a figure that has doubled in 5 years

(2014)

2018

Page 21: A Place to Call Home, UK housing in numbers

http://www.housing.org.uk/publications/browse/home-truths-2014/

First Time Buyers

The average loan size for first time buyers is £125,999 while the typical gross income of a first-time buyer

household is £38,690(2014)

The average first-time buyer today needs a £30,000 deposit,

almost ten times the deposit required in the early 1980s

(2014)

3.4xA first-time buyer has to borrow

3.4 times their annual income on average, compared to first

time buyers in 1979 who needed to borrow just 1.7 times their

income(2014)

26,800 first-time buyer loans in September 2014

Page 22: A Place to Call Home, UK housing in numbers

First Time Buyers

61% of private renters (2.3 million households) and 23% of social

renters (816,000) stated that they expected to buy a property at

some point in the future(2012-13)

53% of would-be buyers aged 25-34 don’t think they will ever be able to afford to buy a

property (2011)

However 64% of social renters and 44% of private renters don’t expect to be able to buy a property for

5 years(2012-13)

2019

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdfhttp://www.royalmailgroup.com/35-years-old-average-age-first-time-buyers-expect-join-housing-ladder

Page 23: A Place to Call Home, UK housing in numbers

51%all house reference persons in the private rental sector (2.0 million households) were aged under 35

(2012-13)

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdfhttp://www.ons.gov.uk/ons/rel/census/2011-census-analysis/a-century-of-home-ownership-and-renting-in-england-and-wales/short-story-on-housing.htmlhttp://www.aviva.com/media/news/item/uk-seven-million-households-left-financially-vulnerable-as-growing-numbers-are-forced-to-rent-17359/http://www.independent.co.uk/property/landlords-on-track-to-own-1-trillion-of-property-next-year-9843640.html

In 2012-13, the private rented sector overtook the social

rented sector in size(2012-13)

Private Renting

The number of two-parent households with dependent children in private accommodation in England grown from 535,000 to 880,000 – an

increase of 64% since 2009(2012-13)

Total value of property in the private rented sector is

£930.7 BILLION(2012-14)

Page 24: A Place to Call Home, UK housing in numbers

Social Renting

The national waiting list for social housing stands at 1.7m households

– up by 65% since 1997

The proportion of households in the social sector declined from

31% in 1980 to 17% in 2013(2012-13)

Right to Buy gives social tenants the opportunity to buy their council

house at a discount of up to

70%

The average (mean) rent (excluding services but including housing benefit) for households in the social sector was £89 per week compared with £163 per

week in the private rented sector(2012-13)

SOLD

http://www.theguardian.com/news/2014/nov/11/-sp-no-exit-britains-housing-traphttps://www.gov.uk/right-to-buy-buying-your-council-home/discountshttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

Page 25: A Place to Call Home, UK housing in numbers

1.3 MILLIONfamilies rent privately in England,

up from 500,000 in 2008(2013)

Changing households

21% of 20-34-year olds are still living with

parents (2.7 million people), a 25% increase since 1996

(2013)

289,000 concealed families in 2011,

making up 1.8% of all families (2011)

70% increase in concealed families

between 2001 and 2011 compared with a 6.6% increase

in unconcealed families(2011)

http://www.ons.gov.uk/ons/rel/family-demography/young-adults-living-with-parents/2013/sty-young-adults.htmlhttp://www.ons.gov.uk/ons/rel/census/2011-census-analysis/what-does-the-2011-census-tell-us-about-concealed-families-living-in-multi-family-households-in-england-and-wales-/summary.htmlhttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

16% of social renters and 12% of private renters were lone parents

with dependent children, compared with just 3% of owner occupiers

(2012-13)

Page 26: A Place to Call Home, UK housing in numbers

37,739tenant households lost their

homes in 2013, more than 100 evictions a day

http://media.shelter.org.uk/home/press_releases/true_scale_of_revenge_evictions_exposed_by_shelter_investigation https://www.gov.uk/government/statistical-data-sets/live-tables-on-repossession-activity#live-tableshttps://www.gov.uk/government/collections/mortgage-and-landlord-possession-statisticshttp://www.theguardian.com/housing-network/2014/oct/27/stop-revenge-evictions-renting-landlords-sarah-teather

Eviction

11.2 MILLION outstanding mortgages at the end of 2013. 11,800 of

these were at least 6 months in arrears

(2013)

The total outstanding mortgage debt in the UK is

£1.294 TRILLION(November 2014)

28,900 properties were

repossessed in 2013

213,000 people in the private rental

sector were victims of revenge evictions in 2013

14% of families renting in

London have been hit with revenge evictions in 2013

£££

Page 27: A Place to Call Home, UK housing in numbers

http://www.theguardian.com/news/2014/nov/11/-sp-no-exit-britains-housing-trap?CMP=share_btn_linkhttp://england.shelter.org.uk/news/september_2015/90,000_children_in_britain_to_face_christmas_homeless

60,000 households in England live in temporary accommodation

Homelessness

The number of homeless families living in B&Bs has almost doubled in three years

90,000 children will be homeless

this Christmas?

Page 28: A Place to Call Home, UK housing in numbers

Housing benefit

66% of social renters 25% of private renters receive housing

benefit to help with the payment of their rent. This is up from 59% and

19% respectively in 2008-09(2012-13)

32% of working households in the social rented sector and 12% of

working households in the private sector were in receipt of housing benefit. This is up from 20% and

9% respectively in 2009-10.(2012-13)

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdfhttp://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10787462/Landlords-9bn-housing-benefit-fuelling-bubble.htmlhttps://www.gov.uk/government/statistics/benefit-expenditure-and-caseload-tables-2014

Housing benefit costs £24.1 billion and makes up approximately 14% of

welfare spending

£9.1 BILLION is spent on housing benefit for private accommodation

38% of the total(2012-13)

Page 29: A Place to Call Home, UK housing in numbers

Employment

Page 30: A Place to Call Home, UK housing in numbers

6% of people are unemployed

1.97 million unemployed people(August 2014)

468,000 unemployed 16-24 year-olds

13.5% of that age group

30.76 MILLION people in work in the UK

(August 2014)

9.03 MILLION people aged from 16 to 64 are economically inactive

http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CCEQFjAA&url=http%3A%2F%2Fwww.parliament.uk%2Fbriefing-papers%2Fsn05871.pdf&ei=gQpiVLmWKcjX7QafyYCICQ&usg=AFQjCNFHB8YCUji6z3sc1lXfn4hOTJwnDA&bvm=bv.79189006,d.ZGUhttp://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/october-2014/statistical-bulletin.htmlhttp://www.ons.gov.uk/ons/publications/re-reference-tables.html?edition=tcm%3A77-332654

Employment rate

30.76 MILLION

UK employment rate

73.0%(August 2014)

Page 31: A Place to Call Home, UK housing in numbers

Regions

London 6.3%North West 6.3%South West 4.7%

Unemployment Rate by Key Region (September 2014)

6.3%

4.7%

6.3%

http://www.ons.gov.uk/ons/rel/subnational-labour/regional-labour-market-statistics/september-2014/stb-regional-labour-market-september-2014.html

Page 32: A Place to Call Home, UK housing in numbers

15%

of workers are self employed4.6 million people

732,000 more self employed workers than 2008

Self-employment higher than at any point over past

40 YEARS

Average income from self‑employment fallen by 22% since 2008/09

http://www.ons.gov.uk/ons/rel/lmac/self-employed-workers-in-the-uk/2014/rep-self-employed-workers-in-the-uk-2014.htmlhttp://www.ons.gov.uk/ons/dcp171776_374941.pdf

Self Employment

All figures UK 2014

Page 33: A Place to Call Home, UK housing in numbers

Key Workers

• NHS• Education• Police• Prison Service• Probation Service• Local Authority• Fire Fighters• Ministry of Defence (MoD)• Environmental Health Officers• Highways Agency Traffic Officers

Housing associations reserve a number of properties for key workers. To be eligible for housing households must have an income of no more than £60,000 per annum, be employed by a qualifying key worker profession and have a minimum of 5 years to serve before reaching retirement. Not all areas have a key worker scheme available

A key worker is a public sector employee who is considered to provide an essential service

http://www.homebuyservice.co.uk/eligibility/key-worker-eligibility.html

Page 34: A Place to Call Home, UK housing in numbers

61% of graduates find employment

6 months after leaving University

The average unemployment rate for higher education leavers in 2010/2011 was

7.6%

The average salary for UK graduates in full‑time

employment six months after graduation range between

£18,000-£24,000(2013-14)

http://www.graduates.co.uk/graduate-starting-salaries-in-2013-14/http://www.ons.gov.uk/ons/rel/lmac/graduates-in-the-labour-market/2013/rpt---graduates-in-the-uk-labour-market-2013.html

Graduates

12 MILLIONgraduates in the UK

(2013)

12 MILLION

Page 35: A Place to Call Home, UK housing in numbers

1 IN 3 22-30 year-olds leave their

home towns to move to London for work

Graduates in London will earn an average of

£27,000

6 in every 10 people who live in inner

London are graduates

London

http://www.theguardian.com/uk-news/2014/jan/27/great-migration-south-private-sector-jobs-londonhttp://www.graduates.co.uk/graduate-starting-salaries-in-2013-14/

80% of private sector jobs

created between 2010 and 2012 were in London

20% of graduates move to London to find a job

Page 36: A Place to Call Home, UK housing in numbers

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/276223/table3-2-12.pdfhttp://career-advice.monster.co.uk/salary-benefits/pay-salary-advice/uk-average-salary-graphs/article.aspx

Salaries

The average salary UK is

£27,017(August 2014)

£27,017

The average salary by gender

Females £24,832

Males £31,905

Page 37: A Place to Call Home, UK housing in numbers

Region

The average salary in London

£35,480(November 2014)

The average salary in Manchester

£26,794(November 2014)

The average salary in Bristol

£28,556(November 2014)

£35,480

£26,794

http://career-advice.monster.co.uk/salary-benefits/pay-salary-advice/uk-average-salary-graphs/article.aspx

Page 38: A Place to Call Home, UK housing in numbers

The average salary of a permanent worker is

£26,076(November 2014)

18.8%of all employees work in

the public sector(September 2013)

The average salary of a part time worker is

£14,740 (November 2014)

http://career-advice.monster.co.uk/salary-benefits/pay-salary-advice/uk-average-salary-graphs/article.aspx

Employment Type

24.4 MILLIONemployees work in the

private sector

Page 39: A Place to Call Home, UK housing in numbers

Changes in Pay

Nominal wage growth below the rate of price inflation has resulted in real wages falling

for the longest sustained period since at least 1964

http://www.ons.gov.uk/ons/rel/elmr/an-examination-of-falling-real-wages/2010-to-2013/art-an-examination-of-falling-real-wages.htmhttp://www.tuc.org.uk/economic-issues/labour-market-and-economic-reports/economic-analysis/britain-needs-pay-rise/ukhttp://www.ons.gov.uk/ons/rel/ashe/annual-survey-of-hours-and-earnings/2014-provisional-results/stb-ashe-statistical-bulletin-2014.htmlhttp://www.standard.co.uk/news/londoners-would-have-7000-more-a-year-if-wages-hadnt-been-hit-by-recession-study-finds-9795593.htmlhttp://highpaycentre.org/blog/ftse-100-bosses-now-paid-an-average-143-times-as-much-as-their-employeeshttp://www.unicef-irc.org/publications/pdf/rc12-eng-web.pdf

Adjusted for inflation, weekly earnings decreased by 1.6% compared to 2013

Wage growth so slow that it would take 12 years to recover to pre-recession

real earnings

Median incomes for families with children in the UK in 2012 were six years behind where they could have been had the

recession not happened

Londoners would be more than £130-a-week better off if wages

had continued to rise at rates seen before the recession an

extra £7,000 a year

FTSE 100 bosses are paid 130 times the wage of their average employee (2014) this has risen

from 47 times in 1998.

2026

130:1£7000

Page 40: A Place to Call Home, UK housing in numbers

5.28 MILLION UK workers are being paid less than the Living Wage

5.1% of all jobs are

minimum wage =

1.3 MILLION JOBS

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/288841/The_National_Minimum_Wage_LPC_Report_2014.pdfhttp://www.livingwage.org.uk/news/new-2015-living-wage-rates-announced

Low Incomes

The minimum wage in the UK is

£6.50 per hour (over 21s 2014)

The Living Wage in the UK is

£7.85 per hourThe Living Wage in London is

£9.15 per hour

£7.85 £9.15

Page 41: A Place to Call Home, UK housing in numbers

There is no official retirement age in the UK anymore, workers can chose to retire when they wish and cannot

be discriminated against

The basic state pension is

£113.10 PER WEEK (2014)

https://www.gov.uk/state-pension/what-youll-gethttps://www.gov.uk/retirement-agehttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/310231/spa-timetable.pdf

retirement

However this will be raised to be 66 for both genders by 2020

The age at which people can currently start claiming a State pension is

Women 62 years

Men 65 years

Page 42: A Place to Call Home, UK housing in numbers

Cost

Page 43: A Place to Call Home, UK housing in numbers

http://www.ons.gov.uk/ons/dcp171778_380004.pdfhttp://www.theguardian.com/money/2014/nov/22/value-private-uk-housing-5tn

House Prices

Average UK house price is

£273,000

£273,000UK house prices increased by 12.1% in the year to

September 2014

The total value of private housing stock in the UK is

£5.06 TRILLION(November 2014)

Page 44: A Place to Call Home, UK housing in numbers

Regions

London £460,521South East £236,996East £197,027South West £185,950East Midlands £131,310Yorkshire & the Humber £119,184West Midlands £118,893North West £113,389North East £100,311

http://landregistry.data.gov.uk/app/hpi

Average Property Prices By Region (September 2014)

LDN

EAST

SOUTH EASTSOUTH

WEST

EAST MIDLANDS

YORKSHIRE & THE HUMBER

NORTH EAST

NORTH WEST

WEST MIDLANDS

Page 45: A Place to Call Home, UK housing in numbers

Key Cities

http://landregistry.data.gov.uk/app/hpi

The average property in Greater Manchester now costs

£108,002An 5.8% increase in the

12 months to September 2014

The average property in Greater London now costs

£460,521An 18.4% increase in the

12 months to September 2014

The average property in Bristol now costs

£193,536An 11.8% increase in the

12 months to September 2014

£460,521 £108,002

Page 46: A Place to Call Home, UK housing in numbers

Affordability

http://www.centreforcities.org/assets/files/2014/14-10-31-delivering-change-building-homes.pdf

3

4

2

5

678

9

10

1

10 least affordable places to buy a home in the UK

1. OXFORDThe average house costs 14.9 times the city’s average salary

2. LONDONThe average house costs 13.9 times the city’s average salary

3. CAMBRIDGEThe average house costs 12.7 times the city’s average salary

4. BRIGHTONThe average houses costs 10.9 times the town’s average salary

5. BOURNEMOUTHThe average house costs 10.6 times the city’s average salary

6. CRAWLEYThe average house costs 10.1 times the town’s average salary

7. ALDERSHOTThe average house costs 9.5 times the town’s average salary

8. READINGThe average house costs 9 times the town’s average salary

9. BRISTOLThe average house costs 8.7 times the city’s average salary

10. WORTHINGThe average house costs 8.6 times the town’’s average salary

Page 47: A Place to Call Home, UK housing in numbers

Affordability

Current Government Affordable Home Ownership schemes:

• Help to Buy: Equity Loans• Help to Buy: Mortgage Guarantees• Shared Ownership• Help to Buy: NewBuy

In the first 18 months 33,911 properties were bought with the Help to Buy equity loan scheme

(September 2014)

28,401 purchases in the Help to Buy

equity loan scheme was made by first time buyers 84% of total

(September 2014)

The average purchase price of a property bought

under the scheme was

£210,429(September 2014)

https://www.gov.uk/government/statistics/help-to-buy-equity-loan-scheme-and-help-to-buy-newbuy-statistics-april-2013-to-september-2014

Page 48: A Place to Call Home, UK housing in numbers

42,710 affordable homes were

provided in England in 2013‑14

11,330 affordable home ownership

completions in 2013‑14, a decrease of 34%

The number of homes delivered in the social rented sector (social and affordable rented) increased 24% from

24,600 in 2012‑13 to 30,590 in 2013‑14

New build homes represented 86% of all affordable homes

provided in 2013‑14

Affordable rent is subject to rent controls that require a rent of up to 80% of the local market

rent including service charges

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/363989/Affordable_Housing_Supply_2013-14.pdf

Affordable Housing

Page 49: A Place to Call Home, UK housing in numbers

London has by far the highest house prices of any region in the UK, almost the double the average of the second most expensive region, the South East

The average house price in London has increased

by £41,000 annually, more than the average pre-tax

London salary

London

http://landregistry.data.gov.uk/app/hpi http://www.theguardian.com/money/2014/oct/14/house-prices-london-surging-mortgagehttp://www.emptyhomes.com/statistics-2/empty-homes-statistice-201112/ http://www.thisismoney.co.uk/money/mortgageshome/article-2340858/85-homes-Central-London-sold-overseas-buyers.htmlhttp://www.bbc.co.uk/news/business-26980299http://s3-eu-west-1.amazonaws.com/pub.housing.org.uk/Home_Truths_2014_-_Broken_Market__Broken_Dreams_Exec_Summary.pdf

Londoners need to earn over £100,000 to afford the typical

mortgage

House prices in Greater London have risen by

18.4%in the 12 months to

September 2014

18.4%

£££

Page 50: A Place to Call Home, UK housing in numbers

The most expensive borough is Kensington &

Chelsea where the average house price is £1,364,769

There are 10 boroughs where the average house

price is above half a million pounds

There are no boroughs where the average house price is below

the 3% stamp duty threshold

London BoroughsThe cheapest borough

is Barking and Dagenham where the house average

price was £250,674

http://data.london.gov.uk/dataset/average-house-prices-borough

Page 51: A Place to Call Home, UK housing in numbers

The Battersea Power Station development sold out of most of its 866 luxury apartments

to Singaporean investors looking for a safe haven

(2013)

Europe 16.5%Russia & CIS 9.1%Middle East 7.5%India 4.5%Asia 4.5%North America 4%Australasia 1.7%Africa 1.1%South America 0.5%

85% of prime London property purchases last year were

made with overseas money (2013)

69% of new-build buyers in the

prime central London market were not British and 49%,

were not resident in the UK(2013)

Foreign Investment

http://www.bbc.co.uk/news/business-26980299 http://www.thisismoney.co.uk/money/mortgageshome/article-2340858/85-homes-Central-London-sold-overseas-buyers.html#ixzz3JBBh2ALL

SOLD

Origin of Foreign Buyers in Central London

Page 52: A Place to Call Home, UK housing in numbers

Costs

Stamp Duty is levied on properties where the total purchase price is over £125,000

£125,001 ‑ £250,000 1% £250,001 - £500,000 3% £500,001 - £1 million 4% Over £1 million - £2 million 5% Over £2 million 7%

https://www.gov.uk/stamp-duty-land-tax-rateshttp://www.bankofengland.co.uk/boeapps/iadb/repo.asp

0.5% The current bank of England interest rate has been at the

historic low of 0.5% since March 2009

In 1991 the Bank of England base rate was 10% and was

as high as 17% in 1979

Page 53: A Place to Call Home, UK housing in numbers

Mortgages

The standard mortgage term in the UK is 25 years

http://www.home.co.uk/guides/mortgage_glossary.htm?morttermhttp://www.theguardian.com/business/2013/sep/13/first-time-home-buyers-mortgage-bubblehttp://www.theguardian.com/money/2014/nov/09/one-third-would-struggle-to-pay-mortgage-on-two-point-rate-risehttp://www.totallymoney.com/mortgages/rate-predictions/http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/11109153/The-average-working-life-isnt-long-enough-to-pay-for-a-house.htmlhttp://themoneycharity.org.uk/money-statistics/

On average, first-time buyers are choosing repayment terms of

between 27 and 30 years(2013)

A 2% increase in interest rates would create problems for 32%

of borrowers in the UK(2014)

3.57%UK average

mortgage rate

The total outstanding mortgage debt in the UK is

£1.294 TRILLION(November 2014)

400,000 over-65s still have mortgages

2039

Page 54: A Place to Call Home, UK housing in numbers

House Building

Number of new homes created in England in 2013‑14 rose by

10% (2013/14)

There were 130,340 new build properties, almost 4,500 from

conversions, 12,520 were created through change of use and there were 1,330 other gains. These new homes

were offset by the loss of 12,060 residences through demolition

The increase in the number of new homes was the first in 6 years

following an 8% fall in 2012/13. The number is still below its recent peak

of 223,530 in 2007/08

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/373576/Net_Supply_of_Housing_England_2013-14.pdf

136,610 homes were added to England’s

housing stock during 2013-14

Page 55: A Place to Call Home, UK housing in numbers

Space

Page 56: A Place to Call Home, UK housing in numbers

Size

There are no regulatory or industry requirements to record

the floor area of homes

http://www.architecture.com/Files/RIBAHoldings/PolicyAndInternationalRelations/HomeWise/CaseforSpace.pdfhttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

The average new home in England is only 92% of the

recommended minimum size(2011)

The average (mean) usable floorarea of dwellings in 2012 was 92m² The average usable floor area of homes in the social sector was 63m² compared

with 98m² in the private sector(2012/13)

Owner occupied homes (104m²) were considerably larger than

privately rented homes (74m²)(2012/13)

92%

Page 57: A Place to Call Home, UK housing in numbers

The average one bedroom home is 46 sqm, 4 sqm short of the recommended minimum. The average three bedroom

home is 88 sqm, 8 sqm short of the recommended minimum

(2011)

31%

of people would not consider buying a home built in the last ten years, or would

only consider it as a last resort. (2011)

60% said it was because the rooms are too small, 46% said they lack style, and 45% were concerned about the

lack of outside space(2011)

Size

The average home in the UK was 85m² and has 5.2 rooms, with an average area of 16.3m²

per room. The average new home in the UK was 76m² and had 4.8 rooms, with an average

area of 15.8m² per room(2011)

http://www.architecture.com/Files/RIBAHoldings/PolicyAndInternationalRelations/HomeWise/CaseforSpace.pdfhttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

Page 58: A Place to Call Home, UK housing in numbers

3%

of households in England were overcrowded

(2012-13)

37%of households (8 MILLION) were under-occupying there homes,

(2012-13)

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

Space

On average there are 2.8 BEDROOMS

available to a household(2012-13)

Most owner occupiers lived in homes with 3 bedrooms

Most renters lived in homes with 2 bedrooms

(2012-13)

2.8

49% of owner occupiers 15% of private renters and 10% of social renters were

under-occupying their homes(2012-13)

Page 59: A Place to Call Home, UK housing in numbers

47% (58% of fully occupied homes) said

there was not enough space for furniture they owned or would like

to own

57% (69% of fully occupied homes) said there was not enough storage for

their possessions

35% said that they didn’t have enough kitchen space for the appliances like toasters or

microwaves, and 43% of respondents in fully occupied homes said they didn’t have enough

space for convenient food preparation

34% of fully occupied households said they

didn’t have enough space to have friendsover for dinner, and 48% didn’t have

enough space to entertain visitors at all.

28% of all respondents (48% of fully occupied homes) felt that they couldn’t get away

from other people’s noisy activities

Space

http://webarchive.nationalarchives.gov.uk/20110118095356/http:/www.cabe.org.uk/files/space-in-new-homes.pdf http://www.architecture.com/Files/RIBAHoldings/PolicyAndInternationalRelations/HomeWise/CaseforSpace.pdfhttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

Survey of homeowners living in new builds in within 1 hour of London conducted by CABE, English Partnerships and RIBA in 2009

Page 60: A Place to Call Home, UK housing in numbers

Sustainability

Page 61: A Place to Call Home, UK housing in numbers

Energy Efficiency

On average, flats obtain the highest ratings with

approximately half rated EPC band C (40%) or B (9.8%)

(2012-13)

Over half of dwellings built before 1929 have an EPC rating of E or worse

(2012-13)

Nearly 93% of dwellings sold are in EPC bands C, D and E,

45.5% in band D alone(2012-13)

Dwellings rated A or B sell for approximately 14% more than those rated G

(2012-13)

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/207196/20130613_-_Hedonic_Pricing_study_-_DECC_template__2_.pdfhttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdf

The proportion of dwellings in the lowest F and G bands fell

from 29% in 1996 to 6% in 2012(2012-13)

In 2012, 18% of dwellings were in the highest A to C bands,

compared with just 2% in 1996(2012-13)

ABC

E

Page 62: A Place to Call Home, UK housing in numbers

Energy Bills

of all homes in 2012 had central heating

The average electricity bill across all payment types rose by £35 compared with 2012, to

£577(2013)

The lowest average standard credit electricity bill was East Midlands.

The highest average standard credit bill was in North Scotland

The lowest average standard credit gas bill was East Midlands

The highest average standard credit bill was the Southern Region

The average gas bill across all payment types rose by £43,

compared to 2012, to

£729(2013)

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/284648/English_Housing_Survey_Headline_Report_2012-13.pdfhttps://www.gov.uk/government/statistical-data-sets/annual-domestic-energy-price-statisticshttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/319280/Fuel_Poverty_Report_Final.pdf

households live in fuel poverty in England,

10.4% of all households(2012)

2.28 MILLION

91%

Page 63: A Place to Call Home, UK housing in numbers

Renewables

53.7 TWh of UK energy came from

renewable sources(2013)

Between 2003 and 2013 there was a 407%

increase in generation from renewables in the UK

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/357527/Renewable_electricity_2013.pdfhttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/337684/chapter_6.pdf

The contribution of all renewables to UK

electricity generation was

14.9%(2013)

This is 3.6% higher than in 2012

Page 64: A Place to Call Home, UK housing in numbers

Zero Carbon

From 2016 all new build homes in the UK must be zero carbon

The Conservative party propose to build 100,000 starter homes for under-40s

sold at 80% of market rate which will be exempt from zero carbon legislation if

they are elected in 2015

http://www.zerocarbonhub.org/zero-carbon-policy/zero-carbon-policyhttp://www.conservativehome.com/localgovernment/2014/10/judy-terry-labours-pledge-for-200000-new-homes-lacks-credibility.htmlhttp://www.zerocarbonhub.org/sites/default/files/resources/reports/ZCHomes_Nearly_Zero_Energy_Buildings.pdf

The domestic sectoraccounts for almost 30% of

energy consumption in the UK

0CO2

The domestic sector contributes to around 30% of the UK’s CO2 emissions

30%

Page 65: A Place to Call Home, UK housing in numbers

ResourcesOffice for National Statisticshttp://www.ons.gov.uk/ons/index.html

Land Registryhttp://landregistry.data.gov.uk/app/hpi

Centre for Citieshttp://www.centreforcities.org/

London Data Storehttp://data.london.gov.uk/

Gov.UKhttps://www.gov.uk/

Council of Mortgage Lendershttp://www.cml.org.uk/cml/home/

Shelterhttp://www.shelter.org.uk/

The Guardian Housing Networkhttp://www.theguardian.com/housing-network

Homes from Empty Homeshttp://www.emptyhomes.com/statistics-2/empty-homes-statistice-201112/

Priced Outhttp://www.pricedout.org.uk/

Positive Moneyhttp://www.positivemoney.org/

The Case for Spacehttp://www.architecture.com/Files/RIBAHoldings/PolicyAndInternationalRelations/HomeWise/CaseforSpace.pdf

The Living Wagehttp://www.livingwage.org.uk/

National Housing Federationhttp://www.housing.org.uk/

The Chartered Institute of Housinghttp://www.cih.org/

The Housing Forumhttp://housingforum.org.uk/

Forum for the Futurehttp://www.forumforthefuture.org/

Igloohttp://www.iglooregeneration.co.uk/

Naked Househttp://nakedhouse.org/index.html

Inhabit Homeshttp://www.inhabithomes.co.uk/

A Right to Buildhttp://www.policyexchange.org.uk/images/publications/a%20right%20to%20build.pdfhttp://issuu.com/alastairparvin/docs/2011_07_06_arighttobuild

HAB Housinghttp://www.habhousing.co.uk/

Affordable Home Advicehttp://www.affordablehomeadvice.co.uk/

Building and Social Housing Foundationhttp://www.bshf.org/home.cfm

UK Co-housing Networkhttp://www.cohousing.org.uk/

Homes & Communities Agencyhttps://www.gov.uk/government/organisations/homes-and-communities-agency

Cambridge Centre for Housing & Planning Researchhttp://www.cchpr.landecon.cam.ac.uk/

Future Homes Commissionhttp://www.architecture.com/Files/RIBATrust/FutureHomesCommissionLowRes.pdf

Home Builders Federationhttp://www.hbf.co.uk/

The London Planhttp://www.london.gov.uk/thelondonplan/

Joseph Rowntree Foundationhttp://www.jrf.org.uk/

Generation Renthttp://www.generationrent.org/

Page 66: A Place to Call Home, UK housing in numbers