a place to call home, uk housing in numbers
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A place to call homeUK Housing in Numbers
Demographics
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
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
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%)
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
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
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)
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
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
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
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
Housing
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
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)
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
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
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
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
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
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
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
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)
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
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)
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
£££
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?
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)
Employment
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)
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
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
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
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
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
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
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
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
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
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
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
Cost
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)
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
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
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
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
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
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%
£££
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
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
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
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
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
Space
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%
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
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)
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
Sustainability
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
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%
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
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%
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/