2020: A Decade In The Housing Market

Posted on: 6 January 2020

2020: A decade in the housing market

Happy new year! A new decade has begun, an ideal time to look back at the housing market over the past 10 years. In England and Wales, the average price of a property has risen by £72,000 over the past decade. Across the South East, South West and London, average property prices have increased by over £100,000. All but one region have seen double digit house price growth. Official figures indicate 30% of dwellings are now rented privately from registered providers or with a job or business. This equates to an extra 1.3 million dwellings compared to a decade ago. Changing demographics and family structures have seen the number of households rise at a higher rate than the population since 2010, a trend that looks set to continue. What will the next decade hold? Only time will tell.

Share:


Recent Articles

31 March 2020

The Rights, Obligations & Responsibilities Of The 1,036 Ruislip Landlords & 2,558 Tenants During The Virus Outbreak

The last three or four weeks, unquestionably, have been one of the most life-changing times we have seen since WW2. The imminent threat of the Coronavirus has taken over the world, the UK and Ruislip and will challenge you, our families, our relationships and test us all. The drive of this...

26 March 2020

Our Own Outdoors

‘Garden' was the second most popular search term for prospective purchasers across the UK in 2019 according to research by Zoopla, with other amenities such as ‘garage’ and ‘parking’ also among the top three. It is estimated around 90% of UK households have access...

12 March 2020

Budget Watch

The Chancellor of the Exchequer has delivered a multi-billion spending budget, with significant investment for tackling the coronavirus outbreak and infrastructure improvements. The Affordable Homes Programme has received a new £12 billion multi-year settlement, with £1.1 billion to...

semi circle instant online valuation

Get an instant online valuation

Find out how much your property is worth