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The UK Housing Market - 5 trends & statistics that should have us worried

III || || - THE UK HOUSING MARKET 5 Trends & Data Sets That Should Have Us Worried England has one of the oldest housing stocks in Europe Just 12% of British housing stock was built after 1990. Of 33 million social rented homes, million were built between 50 and 10O 1.5 years ago. The number of housing completions has gone down Number of completed housebuilds in England 2003-2014 200000 100000 0 --- 2003/4 2004/5 2005/6 2006/7 2007/8 2008/9 2009/10 2010/11 2011/12 2012/13 2013/14 Year Iuntitled Number of completed housebuilds in Scotland 2003-2014 30000 20000 10000 2003/4 2004/5 2005/6 2006/7 2007/8 2008/9 2009/10 2010/11 2011/12 2012/13 2013/14 Year Housebuilding has been on a long-term downward trend since the 1970s. There was a brief upward trend between 2002 and 2008, abruptly ended by the financial crisis. House prices continue to outstrip UK earnings Average house price to earnings ratio across the UK (2004-2013) 15 10 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year England IScotland IWales IN. Ireland London It is possible to gauge the average affordability of housing across the ÚK by taking the simple average house price for each country and dividing it by the median of average earnings. As you can see from the chart, the higher the ratio, the less affordable the house. Social housing has been in decline Delivery of socially rented housing There has been a marked drop in the amount of social housing being built in the last ten 40000 30000 years. 20000 A third of the social housing built during the First & Second World War is now owned by 10000 housing associations. 2006/7 2009/10 2010/11 2007/8 2008/9 2011/12 2012/13 Year untitled Home ownership is projected to decline further by 2025 Additionally, by 2025. There will be a greater proportion of owner-occupiers owning their home outright ה lןו ןו ווון 35% The average UK home could be worth as much as ון וווו 36,000 It is estimated that one in four UK households will be privately rented by 2025 That's almost II || || - 7.2 million Octens MATERIAL SUPPLIERS TO THE ROOFING INDUSTRY http://www.extons.co.uk/ Number of affordable houses delivered Price to earnings ratio Number of completed housebuilds Number of completed housebuil.

The UK Housing Market - 5 trends & statistics that should have us worried

shared by SallyBraith on Feb 11
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The UK housing market never seems to be out of the news agenda. With issues of affordability and housing supply being talking points for politicians and commentators alike, housing looks set to be one...

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Economy
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