Much has been written about the rise in the number of people renting rather than buying their home but, according to the latest English Housing Survey (EHS), 58% of renters fully intend to buy.
This is good news for anyone feeling the effects of low transaction volumes, a homeowner hoping to sell, or move up the housing ladder, or any of the various traders and suppliers involved in the home-moving process.
Of those currently renting who intend to buy, 26.5% plan to do so within the next two years, according to EHS. That’s a potential 641,000 brand new buyers, or 320,000 per annum – which would be a healthy boost to the 2018 total of approximately 800,000 sales in England.
And these renters are thinking ahead. Over 40% of them anticipate renting for another five years or more, but buying remains the aspiration for the majority of renters.
It’s national Bike Week 8–16 June, celebrating the social, health and environmental benefits of getting about by bike. Across the UK it is estimated that over three-quarters of a million people commute to work by bike, the equivalent of 3% of the working population. Commuting by bike is most prevalent across London and the South, […]
On average 965 sales per week have been completed using Help to Buy across England and Wales during 2018 (to the end of September), according to data released by the Ministry of Housing, Communities and Local Government and the Welsh Government. Over 160 properties are purchased each week with the aid of Help to Buy […]
UK consumers spent £395 million on Easter eggs and confectionery during Easter 2018, up 5% on 2017 and it is anticipated that spend in 2019 will be even higher. Such spending equates to the equivalent of over 1,700 average priced UK homes. By property type, this would buy over 2,000 average priced terraced properties, compared […]