money.co.uk logo

Financial
Forecast

Housing

What turns a house into a home? The memories we make there, the style we decorate it… Or owning the property? We’ve explored the history of home ownership and renting, along with the average costs of owning a home throughout the decades, to reveal how people will live in 10 years…

Select an arrow to view analysis

Did You Know?

  • The number of occupied private rental households will increase in England by 2,458,364 between 2017 and 2028 – that’s a little less than the population of North East England.
  • The number of occupied housing association households will increase in England by 818,014 between 2016 and 2028 – that’s not far off the population of West Sussex.
  • The average price of a UK house was £208,318 in 2017 – that’s set to increase to £255,292 by 2028.
  • The average monthly rent in Great Britain cost £925 in 2017 – that’s set to increase to £1,017 by 2028.

Money.co.uk Says...

  • If you’re considering saving for a deposit, there are several saving techniques.
  • First, stick to a budget. You can control your finances and work out the maximum you can save each month by carefully planning your spending.
  • Cut back your spending. You can save more towards a deposit if you spend less on entertainment, and looking for a better deal on essentials like gas and electricity.
  • If you rent, you could cut your costs while you save a deposit by moving into a cheaper property, moving back in with your family, or sharing a property with friends.
  • Read our full guide on saving up for a deposit.
Marriage & Divorce
view information
sources
Pensions

We use cookies to improve our service and allow us and third parties to tailor the ads you see on money.co.uk and other websites. By continuing you agree to our use of cookies. Find out more.

OK, I accept