The number of homes being shared by two or more families has leapt almost 20% over the past two years, according to families and households data released last week. In 2010 the Office for National Statistics put the number of multi-family households at 237,000. In 2012 it stands at 281,000.
Research released this week by the think tank ippr painted a gloomy picture of house shortages in England growing disturbingly in the years to 2025, by which time it reckons we could have demand outstripping supply by 750,000 homes. It’s a stab at trying to predict what might happen and there will always be problems with research of this kind. It is, for instance, not inconceivable that if Britain’s economy becomes less attractive we may see a significant rise in…
Today’s release by the surveyors’ body RICS of its latest housing market survey provides a little bit of support to both sides of the will-they-won’t-they debate on house price rises. Looked at nationally, the broad measures of estate agents experiences and expectations of house prices remain positive. A majority of 17% saw prices rise in February and a majority of 7% expect prices to continue rising. This will pep up the spirits of those keen to see evidence that prices…
Few people disagree with the notion that there is a housing shortage in England. It is trotted out both as an argument for more social homes and as an underlying case for ever increasing house prices. I too subscribe to the view that we need to increase and enhance the English, and indeed UK, housing stock. But here is something that caught my eye when I was checking out some figures recently. Consider this: according to the Survey of English…
Yesterday I went to an excellent conference organised by the Council of Mortgage Lenders. I know it was good because I came away with a headache and a slightly befuddled mind, but invigorated nevertheless. What made it more interesting was that on the train into London I read Martin Wolf’s column in the Financial Times, which in retrospect provided a fitting overture to the day, despite the link in subject matter being a bit distant from the UK housing market. His…