Housing

Housing is rarely a happy subject to talk about for younger Britons.

But a series of graphs and statistics published yesterday by the Office of National Statistics (ONS) shows how truly dire the situation has become.

Fact 1) The average house price has risen by 8.7% in the year to June 2016, figures collected by the ONS show.

The average UK house price is now up to £214,000, while it was at £190,000 in September 2007.

ONS housing

 

Fact 2) Overall house-building has fallen dramatically, with just 152,380 houses built in 2015 – down from 251,820 in 1980.

It has started rising recently again

 

ONS housing

 

Fact 3) Home ownership among younger people has fallen a lot, as renting as risen.

Home ownership has fallen from 55% in 1996 to 29% among 25 – 29 year olds; and from 68% to 45% for 30 – 34 year olds.

 

ONS Housing

 

Fact 4) Private rent prices have risen a lot, just in the last five years.

More in England than in Scotland or Wales however.

ONS housing

Hat tip to the ONS for these charts.

And then politicians wonder why the younger generation feel so frustrated with their cost of living…

Leave a comment

Your email address will not be published.

1000

Comments are limited to 1000 characters.