Five facts about… housing
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The steady rise in the cost of buying a home shows no sign of abating, as ONS figures reveal that average house prices have risen by 8.7% in the year to June 2016.
But house prices are just one part of the story; here are five facts about housing in the UK, from renting to the number of homes being built.
1. The average UK house price was £214,000 in June 2016
This average price is £24,000 above its pre-economic downturn peak of £190,000 in September 2007.
2. The percentage of 25- to 29- year-olds owning their home decreased from 55% in 1996 to 29% in 2015
The percentage of 30- to 34-year-olds owning their home decreased from 68% to 45%, between 1996 and 2015.
3. All the countries that constitute Great Britain have experienced rises in their private rental prices since 2011
Since January 2011 England rental prices have increased more than those of Wales and Scotland.
4. In 1995, the cheapest small area in England and Wales to buy a property was in the Alexandra Park area of Manchest...
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