Latest UK housing market trends published
Since 1980, there has been considerable fluctuation in the UK housing market.
Overall, there has been growing demand and relatively limited supply growth. House prices have been increasing, and first-time buyers are finding it more difficult to get on the property ladder. While home ownership among younger age groups generally has declined.
Latest statistics on UK national trends regarding first-time buyers saw the average deposit as a percentage of purchase price increased by almost 10 percentage points between 1988 and 2013, standing at 22% of the price of the house.
Deposits for first-time buyers peaked during the economic downturn in 2009 at 28% of the purchase price. Since 2009, deposits for first time buyers have steadily fallen – though figures remain among the highest for the last 25 years.”
If the number of households in England grows to 24.3 million in 2021 as projected, this would be equivalent to an additional 221,000 households per year. It looks likely that housing will remain an important topic in the future.
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