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Government extends support to stop business evictions in 2020

17 September 2020

Robert Jenrick, Secretary of State for Housing, announced yesterday, 16 September, that all commercial tenants will be protected from the risk of eviction until the end of this year. Read More...

High Court rules in favour of agents over Business Interruption Insurance

15 September 2020

Thousands of companies disputing their insurers' interpretations of liability under Business Interruption Insurance welcome the court ruling today, 15 September, where it found in favour of the arguments advanced for policyholders on the majority of issues brought by the Financial Complaints Authority (FCA) test case. Read More...

New guide helps agents stay on the right side of competition law

15 September 2020

The Competition and Markets Authority (CMA), together with the Institute of Risk Management, has published a new edition of its short guide on competition law risk that will help agents to identify and reduce competition law risks. Read More...

More must be done to get empty homes back into use

14 September 2020

In a letter to Rt Hon Christopher Pincher MP, Minister of State for Housing, Propertymark campaigns for action on empty homes, asking what measures the UK Government is taking to improve the situation and get more empty homes back into use. Read More...

Survey shows safer homes, younger owner-occupiers, and precarious savings

Tuesday 04 August 2020

The latest English Housing Market Survey, published in July, looked at the housing circumstances of an estimated 23.5 million households and their circumstances including the conditions of energy efficiency in England.

This is the first release of data which will be followed up with a series of more detailed topic reports in the coming months.

Owner occupation

Owner occupation rates remain virtually unchanged for the sixth year in a row. Fifteen million – 64 per cent – of the houses surveyed were owner-occupiers. The proportion of households in owner-occupation has decreased from its 2003 peak but has remained relatively stable since. An increase from 63 per cent in 2016-17 to 64 in 2018-19 is not considered statistically significant.

The proportion of younger owners (aged 25-34) has increased after several years in decline and is approximately equal to those of that age living in the private rented sector. Both sectors now stand at 41 per cent, this is a significant increase in owner-occupation from the 36 per cent low of 2014.

Under-occupation (having two or more spare bedrooms) has increased ten per cent over the last 20 years among owner-occupiers.

Homes becoming safer

Only 17 per cent of owner-occupied homes were considered non-decent, lower than all other sectors. The number of non-decent homes has declined across the board, from 33 per cent in 2008 to 18 per cent in 2018. Owner-occupied properties had fewer serious hazards than the private rented sector (11 per cent versus 14 per cent).

More energy efficient but warmer

The energy efficiency of English homes has increased considerably over the last 20 years but slowed in recent years. In 2018 there was an improvement in almost all tenures. In 2018, the average SAP rating of English dwellings was 63 points, up from 62 points in 2017.

This may have an uncomfortable trade-off however, as owner-occupiers and residents living in newer houses or high-rise flats were more likely to report overheating. Seven per cent of total residents and eight per cent of owner-occupiers were likely to report overheating, which was particularly a problem for those in homes built after 1990.

Dwelling size and affordability

Owner-occupied homes still tend to be larger than rented properties, accounting for around 108 square meters per dwelling as opposed to the private rented sector’s 75 square meters.

Owner-occupiers were likely to spend less money on a mortgage than a private renter spent on rent and were most likely to be in the top two income quintiles with 49 per cent of homeowners being top earners. However, in 2018-19, nearly half of households in England reported not having any savings. While this was lowest among owner-occupiers, it is worth noting that a third of homeowners surveyed, reported having no savings at all, with nearly 3.8 million of those householders aged over 55.

View full survey

PROPERTYMARK HOUSING MARKET REPORTS

Propertymark’s own Housing Market Reports give the latest market trends based on information from our members with May and June detailing what has happened since the housing markets reopened.

Housing Market Reports