Posts

Showing posts from January, 2018

English Housing Survey

Image
      English Housing Survey The government has released the latest survey results covering 2017.   The full report can be view here , but I have selected some of the key data below.     The level of owner occupation remains largely unchanged Of the estimated 23.1 million households in England, 14.4m or 63% were owner occupiers. Of these, 34% of households were outright owners and 28% were mortgagors. The number of outright owners has increased from 31% in 2014, which is in line with an aging population paying off their mortgages.   The proportion of owner/occupiers aged 25-44 has declined Owner/occupiers aged 35-44 has declined from 72% in 2007 to 52% in 2017 Owner/occupiers aged 25-34 has declined from 57% in 2007 to 37% in 2017 Not surprisingly, this decline is the result of these age groups choosing to rent rather than buy. Over the same period, the number of 35-44 year olds in priv...

Rents Rising at Slowest Rate for Six Years

Image
It will be no surprise to many of our landlords, that the rate at which rents have increased over the course of 2017 has slowed down. In some cases, where landlords have had tenants in their property for several years, when they have come to re-let the property, they have found that the amount of rent they can achieve may even have declined slightly from their current rent.   This was confirmed by the latest report from the Office of National Statistics in their report for December 2017.   The main headlines from The Index of Private Housing Rental Prices for December are:   •          Private rental prices paid by tenants in Great Britain rose by 1.2% in the 12 months to December 2017. This is the lowest annual growth since the series began in January 2012.   •          In England, private rental prices grew by 1.3%, Wales saw growth of 1.7% while Scot...