The latest government figures show that in the 12 months to the end of September the number of new homes that started construction in the UK in England was up by 4%, at 147,880. The net additions of housing, which factors in conversions and takes into account demolitions, shows that in the year 2015-16 just under 190,000 homes were added to England’s stock.
This is the highest number since the financial crisis, but a House of Lords committee has called for 300,000 new homes per year in England.
The official house price index, relaunched in June by the Office for National Statistics, looks at the prices paid for homes and is published a couple of months after the data is collected. The latest figures, for October, show that across the UK prices were up by 6.9% year-on-year – the lowest figure since the end of 2015. The average price was £217,000.
Figures from all of the main indices show growth has slowed since the start of the year. What growth there has been is a result a shortage of homes for sale, according to the Royal Institution of Chartered Surveyors (Rics). For several months it has reported a fall in the number of properties coming on to the market while buyer numbers have risen since the referendum.
Posted by popcreative on 3rd March 2017, under Uncategorized