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Keep up to date with what’s happening in the housebuilding and land promotion industries.
For too long, we haven't built enough homes.
Credit: Secretary of State for Communities & Local Government 2017
The most up to date data and analysis on the housing market.
Credit: NHBC 2017
Homelessness remains an all too common problem in modern society.
Credit: Shelter 2017
Evidence of the housing crisis in England.
Credit: Institute for Public Policy Research 2017 (Darren Baxter and Luke Murphy)
Housing in rural areas is on average less affordable than rural areas.
Credit: National Housing Federation 2017
New homes and new homeowners.
Credit: HBF 2017
House prices and affordability
Credit: Nationwide 2017
First-time buyers paying record prices to get on to the property ladder
The characteristics and circumstances of first time buyers in England
Credit: Department for Communities and Local Government
As of October 2017, the average house price in the UK was £223,807. Property prices rose by 4.5% compared to the previous year.
Source: Land Registry
The average price paid for a home in England & Wales increased by 259% between 1997 and 2016. Individual annual earnings increased by 68% in the same time period.
Source: Office for National Statistics
Average first-time buyer deposit was £32,899 in the first six months of 2017 – 16% of the purchase price. Not surprisingly the largest deposits being put down are in London, more than three times the national average of £106,577.
Source: Halifax First time Buyer Review
Private renters spend a significantly greater proportion of their income on their housing costs than social renters or those buying with a mortgage. On average, those buying their home with a mortgage spent 18% of their household income on mortgage payments whereas rent payments were 28% of household income for social renters and 35% of household income for private renters.
Two thirds (65%) of first time buyers were in the upper income quintiles.
In 2015-16, three quarters (74 %) of first time buyers were couple households, a marked change since 2005-06 (66%). This may be due to an increasing need for two incomes to be able to buy.
Of the estimated 22.8 million households in England, 14.3 million or 63% were owner occupiers. The proportion of households in owner occupation increased steadily from the 1980s to 2003 when it reached its peak of 71%.
Latest figures showed that 4,134 people slept rough across England on any given night in 2016. A 16% increase compared to the previous year, and more than double the amount in 2010.
In 2016, more than half (56%) of mortgage terms were for 25 to 35 years. In 2007, just over one-third (38%) of first-time buyer mortgages were for between 25 and 35 years.
The proportion of first-time buyers has grown from 44% since the launch of Help to Buy in 2013.
Statistics at a Glance
House prices increased by 4.5% in 2017
Average price for a home increased by 259% between 1997 & 2016
The average deposit for first time buyers is £32,899 equalling 16% of the purchase price
35% of income is spent on renting
65% of first time buyers were in the upper income quintiles
74% of first time buyers are couple households
63% of households are owner occupiers
16% Increase in people sleeping rough
56% of mortgage terms are for 25 – 35 years
44% increase in first time buyers with the help of Help to Buy