English Housing Survey latest
New English Housing Survey shows homeownership dropped by 70,000 in last year to 14.45m, or 66%. A generation being locked out of homeowning.
June 22, 2012
Published by the government on the 5th of July 2012, the report found that:
- The largest tenure type in 2010-11 was owner occupation, with 14.45 million households (66 per cent). This continued a slight downward trend from a peak of 14.79 million households in owner occupation (71 per cent) in 2005. The private rented sector continued to increase in size, to 3.62 million households (17 per cent).
- Owner occupiers buying with a mortgage made average weekly mortgage payments of £143. This compared to average weekly rent payments of £160 made by privately renting households, and £79 by social renters.
- 59 per cent of private renters and 23 per cent of social renters said they expected to buy a home in the UK, at some point. Of these, 16 per cent had considered applying for a mortgage in the last 12 months. Recent first time buyers were 6 per cent of owner occupiers.
- There were two million recently moving households in 2010-11, compared to 1.8 million in 2009-10. Of these, 62 per cent were private renters, 22 per cent were owner occupiers and 16 per cent were social renters.
- Households living in poverty were more likely to live in homes that had significant outstanding repairs and damp problems than households who were not living in poverty.
- The majority of households were satisfied with their local areas and their accommodation. However, although the majority of people felt their areas had not changed much over the previous two years, across all tenures, they were more likely to say their local area had got worse than better.