Ten Years in the Housing Market

A new decade has begun, making it 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 that 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.

If you would like an up-to-date valuation for your property, please use our instant online valuation tool or contact the team on 01344 860121.

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