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…
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.
- 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.