Estimates recently published in the ONS’ survey on ‘Families and Households: 2017’ show that the number of families in the UK have increased by 8.1% over the last ten years to 18,997,000.
Married couples and those living in civil partnerships are the most dominant group, with civil partnerships driving the growth of this group, increasing by 66.7% (versus 4.8% for married couples) particularly at younger age groups.
14 million dependent children are currently estimated to be living in families in the UK. It is, however, families with no children or no dependent children that were more common. Some 6.6 million (40%) 15-34 year olds live with their parents.
The ONS suggests that the larger numbers of young adults tending to stay at home for longer may be explained by staying in education and training for longer, formalising relationships and having children at older ages, and increased costs in renting or buying a home.
After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included.
Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.
LAND REGISTRY DATA: JANUARY 2016 (released 26 February 2016)
The January 2016 Land Registry data showed a monthly increase in average house prices across England and Wales of 2.5 per cent and an annual increase of 7.1 per cent.
Regionally, the highest monthly increase was seen in Wales at 3.7 per cent, followed by London at 2.8 per cent; prices decreased in the North West and the North East by 0.4 per cent and 1.6 per cent respectively.
The average house price in England & Wales now stands at £191,812 and in London at £530,409. London saw the highest annual increase in prices at 13.9 per cent, followed by the South East at 10.7 per cent and the East at 8.9 per cent. The lowest annual increase was seen in the North East at 0.2 per cent, but no region experienced a fall. In terms of property type, flats and maisonettes showed the highest annual increase at 8.2 per cent, while the lowest increase was seen in semi-detached properties at 6.5 per cent.
In greater detail, eleven counties and unitary authorities saw an annual fall in prices, the greatest again being Hartlepool at minus 3.8 per cent; Reading continued to experience the highest annual rise at 16.1 per cent. The strongest monthly growth was seen in the Isle of Anglesey with an increase of 4.1 per cent, while Blaenau Gwent had the most significant monthly drop at minus 3.5 per cent. Six counties and unitary authorities saw no monthly price change.
Of the metropolitan districts, Knowsley continued to show the largest annual price increase at 8.8 per cent; only two districts saw a fall, the greatest being Sunderland at minus 3.2 per cent. Newcastle upon Tyne experienced the highest monthly price increase at 2.1 per cent, while Liverpool and Knowsley both saw the greatest monthly fall, each with a movement of minus 1.5 per cent.
Of the London boroughs, Hillingdon had the highest annual price rise at 15.5 per cent and the highest monthly price rise at 2.4 per cent. Camden saw the smallest annual increase at 3.0 per cent, while both Camden and Islington experienced the only monthly fall, each with a movement of minus 0.4 per cent.
The volume of properties sold in November 2015 was 2 per cent lower than a year earlier in England and Wales and 7 per cent lower in London. Over the same period, properties sold for more than £1 million across England and Wales as a whole rose by 14 per cent and in London by 9 per cent.
Month on month, the total number of properties sold across England and Wales fell from 79960 in October to 72167 in November – a fall of 9.7 per cent. The number of property transactions from August 2015 to November 2015 averaged 78,652 per month, compared to 81,656 over the same period a year earlier.
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