The state of the UK housing market is very well documented – the media and ‘experts’ invariably agree that there are real signs of recovery. And about time, we all say.
We came across this interesting infographic which gives a visual representation of the UK market since the financial crisis. We weren’t surprised to see that the average property debt per household stands at £70,000, and that half of the population consider their mortgage a financial burden.
It was also interesting to read, but came as no surprise, that between 2004 and 2011, there was a 56% increase in private renters, an indication of just how unaffordable property came for the masses during the economic crisis.