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Private renters had the highest weekly housing costs, paying on average £176 per week in rent. Mortgagors paid an average of £153 per week in mortgage payments while mean weekly rents in the social housing sector were £98 for housing association tenants and £89 for local authority tenants.
A new expert analysis by the respected Resolution Foundation shows that renters spent 34 per cent of their incomes on housing costs in 2021-22, compared to 9 per cent for mortgage holders.
After adjusting for inflation, the average cost of a home increased by a factor of 3.4 between 1950 and 2012. [58] In September 2015 the average house price was £286,000, and affordability of housing as measured by price to earnings ratio was 5.3. [59] The UK's home dwelling cost per type in July 2018 was on average: [60] Detached: £378,473
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
For Sadie James, the cost-of-living crisis in Britain just never seems to ease. First, it was skyrocketing energy and food costs stemming from Russia's invasion of Ukraine. James, who lives in ...
Home sellers in 43% of areas in England have seen the average property in their region increase in price at a greater rate than the annual cost of property upkeep in that area.
Rent regulation in England and Wales is the part of English land law that creates rights and obligations for tenants and landlords. The main areas of regulation concern: the mechanisms for regulating prices (historically called " rent control ").
Rightmove reports a 0.2 per cent quarterly decrease, bringing the average advertised rent down to £1,341 per month. While this represents a modest £3 drop, it halts a long streak of record-high ...