The Housing Markets Over The Decade
By Alex at Aboda, Jan 6 2020 01:21PM
A new decade has begun, an ideal time to look back at the housing market over the past 10 years.
In England and Wales, the average price of a property has risen by £72,000 over the past decade. Across the South East, South West and London, average property prices have increased by over £100,000. All but one region have seen double digit house price growth.
Official figures indicate 30% of dwellings are now rented privately from registered providers or with a job or business. This equates to an extra 1.3 million dwellings compared to a decade ago.
Changing demographics and family structures have seen the number of households rise at a higher rate than the population since 2010, a trend that looks set to continue. What will the next decade hold? Only time will tell.
Get in touch if you would like to know more about what's happening in our local property market - we are always happy to help!
Alex Doggett - Owner - ABODA Fine Homes