Housing market trends: an interesting chart.

I'm currently working on the NCVO Foresight website, editing and updating their strategic drivers - forces or trends that will shape the future. This afternoon's topic: the housing market. The trouble is - the drivers are text only, so I can't include any charts. But some times it really is easier to explain a trend with a chart: chart showing trend in housing tenure in England The ten-year trend to 2008-9 shows that more people are paying off their mortgages than taking out new ones - and that this was the case before the credit crunch. There has been an increase in the number of people in privately rented accommodation You can also see the impact of the 2005 Housing Act which limited the "right to buy" to people who had been in their council house for 5 years rather than 2 - this halted the decline in the level of social housing, and it has in fact started to increase slightly. (What this chart doesn't tell you is that the increase is largely as a result of housing associations building more houses rather than councils)

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