UK Property By Tenure.

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Tenure
​www.ons.gov.uk/peoplepopulationandcommunity/housing/bulletins/housingenglandandwales/census2021
Tenure is whether a household rents or owns the accommodation that it occupies. Households that rent their accommodation were asked what type of landlord owns or manages it.
The census data on tenure in England and Wales show:

• a decrease in the proportion of households that owned their accommodation, to 62.5%, 15.5 million in 2021 (from 64.3%, 15.0 million, in 2011)
• an increase in the proportion of households that rented their accommodation, to 37.3%, 9.3 million, in 2021 (from 34.3%, 8.0 million, in 2011)
• a decrease in the proportion of households that lived rent free, to 0.1%, 33,000, in 2021 (from 1.4%, 315,000, in 2011)

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​The data on accommodation ownership and renting can be broken down further to show that:

• 32.8% of households (8.1 million) owned the accommodation they lived in outright, an increase from 30.8% (7.2 million) in 2011
  
• 29.7% (7.4 million) owned their accommodation with a mortgage or loan or shared ownership, which is a smaller proportion than in 2011 (33.5%, 7.8 million)
  
• 20.3% (5.0 million) rented their accommodation privately, up from 16.7% (3.9 million) in 2011
  
• 17.1% (4.2 million) were in the social rented sector, for example through a local council or housing association; this is a smaller proportion than in 2011 (17.6%, 4.1 million)
  

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UK housing value breaks £8 trillion barrier31 JANUARY 2022
Growth by tenure
Government support for home ownership via the stamp duty holiday and record funding from Bank of Mum and Dad combined saw the total value of mortgaged owner occupied homes pass £2.9 trillion for the first time ever, increasing by £297 billion in 2021 alone.
Despite this, the value of housing owned by unmortgaged owner occupiers continued to be the fastest growing housing tenure in 2021, up 12.0% on the year to reach a total of 3.3 trillion.
Increased institutional investment in the private rented sector saw the tenure grow by £86 billion in 2021 – more the double the increase seen the year before. Over the past decade, this sector has increased +77.6%, or £605 billion.

< Back to newsMortgage Lenders and Administrators Statistics: 2022 Q4

​Key findings

• The outstanding value of all residential mortgage loans was £1,675.8 billion at the end of 2022 Q4, 3.9% higher than a year earlier (Table A). footnote[1]
• 1,675,800,000,000 Value of Outstanding Mortgages on Bank Balance Sheets
• Secured against By Savills Figure for Jan 2022 £2,900,000,000,000  £2.9 Trillion of Value

1675.8/2900 = 57.786% LTV
If as some commentators Claim Values Fall by 35% in real terms
The Value of all Mortgaged Property would fall to 1.875 Trillion and the Loan to value ratio on Bank Balance sheets would rise to 88.9% This would have very severe consequences on the rating of Mortgage Debt held by banks as secured collateral for Tier 1 Basel 3 Solvency purposes.
Regarding Falling Prices at the End of 2021 “unmortgaged owner occupiers continued to be the fastest growing housing tenure in 2021, up 12.0% on the year to reach a total of 3.3 trillion”.
53.2% of the UKs Residential Housing Stock in private ownership is not Mortgaged this figure suggests why Prices for Property are much stickier going down than going Up.

  https://tradingeconomics.com/united-kingdom/banks-balance-sheet https://www.wolframalpha.com/input?i=4403720000000 £4,403,720,000,000 Four Trillion Four Hundred and Three Billion Seven Hundred and twenty Three Million https://tradingeconomics.com/united-kingdom/money-supply-m3 https://www.wolframalpha.com/input?i=1675.8+%2F4403.8++as+percentage Outstanding Mortgages are 38.05% of Bank Balance Sheets   https://www.wolframalpha.com/input?i=1675800000000%2F3584011000000+as+percentage Outstanding Mortgages are 46.76% of Stirling M3   Total Value of UK Housing Stock. 12 MARCH 2021 https://www.savills.co.uk/insight-and-opinion/savills-news/311889-0/uk-housing-value-hits-record-%C2%A3 7.56-trillion-high

Mortgaged ownership rises again Government support for homeownership and funding from the Bank of Mum and Dad have combined to support mortgage owner occupation, while longer mortgage terms mean households remain mortgaged for longer. For the first time ever, the value of mortgaged owner occupied homes passed the £2.5 trillion mark, rising by £170 billion to £2.62 trillion in 2020. Despite this rise, the value of owner occupied homes with no mortgage was higher still at £2.88 trillion, with the total value of homes owned outright rising by 5.8% in the year. 20% of this value was concentrated in the South East. A further 17% was in London.

< Back to news

Total Value of UK Housing Stock.

UK housing value breaks £8 trillion barrier

31 JANUARY 2022

Growth by tenure Government support for home ownership via the stamp duty holiday and record funding from Bank of Mum and Dad combined saw the total value of mortgaged owner occupied homes pass £2.9 trillion for the first time ever, increasing by £297 billion in 2021 alone. Despite this, the value of housing owned by unmortgaged owner occupiers continued to be the fastest growing housing tenure in 2021, up 12.0% on the year to reach a total of 3.3 trillion. Increased institutional investment in the private rented sector saw the tenure grow by £86 billion in 2021 – more the double the increase seen the year before. Over the past decade, this sector has increased +77.6%, or £605 billion.

< Back to news

Mortgage Lenders and Administrators Statistics: 2022 Q4

Key findings

• The outstanding value of all residential mortgage loans was £1,675.8 billion at the end of 2022 Q4, 3.9% higher than a year earlier (Table A). ^footnote[1]
• 1,675,800,000,000 Value of Outstanding Mortgages on Bank Balance Sheets
• Secured against By Savills Figure for Jan 2022 £2,900,000,000,000  £2.9 Trillion of Value

1675.8/2900 = 57.786% LTV

If as some commentators Claim Values Fall by 35% in real terms The Value of all Mortgaged Property would fall to 1.875 Trillion and the Loan to value ratio on Bank Balance sheets would rise to 88.9% This would have very severe consequences on the rating of Mortgage Debt held by banks as secured collateral for Tier 1 Basel 3 Solvency purposes.

Regarding Falling Prices at the End of 2021 "unmortgaged owner occupiers continued to be the fastest growing housing tenure in 2021, up 12.0% on the year to reach a total of 3.3 trillion". 53.2% of the UKs Residential Housing Stock in private ownership is not Mortgaged this figure suggests why Prices for Property are much stickier going down than going Up.

https://webbrain.com/brainpage/brain/98FC8BC2-D290-31A1-0868-3987279717D8

Meet Alex #DOOMGuffster extraordinaire.

#Moduloft, The Affordable Housing Manufacturers. Defining the Terms of and Boundary Conditions of our Domain.

 

The outstanding value of all residential mortgage loans was £1,527.3 billion at the end of 2020 Q3

two thirds of households own the house they live in; half of these are still paying off their mortgage

28,536,000 Dwellings

29,180,071,800 sq ft 29 Billion Sqft .

The effectiveness of any Model is determined by a number of factors, Integrity of the data, and what scientist/modelers call defining the extent of the models domain, what we might call Parameters or Boundary conditions. To understand “The Housing Market” and make contributions to it a good place to start is How Big is it and what are its constituent parts. What is it. What is the housing market? When people buy or sell houses, either to live in or as an investment, we refer to this as the housing market. A house is the most valuable thing many people will ever own. In Britain, two thirds of households own the house they live in; half of these are still paying off their mortgage. The remaining third of households are renters, split fairly equally between private and social renting.( Source. Bank of England. ) How Big is It Physically. (Source: Building Research Establishment.) From the above table of 2017 Data In the United Kingdom there were 28,536,000 Dwellings with an average Dwelling size of 95SQM or 2,710,920,000 sqm or Errors pp 56/57 28,536,000 dewellings x 95sqm= 2,710,920,000 Sqm 29,180,071,800 sq ft 29 Billion Sqft UK Housing Stock Total

29,180,071,800 sq ft 29 Billion Sqft .

Plot Size and Dwelling Size How do we Value it? https://notthegrubstreetjournal.com/2020/12/13/moduloft-the-affordable-housing-manufacturers-defining-the-terms-of-and-boundary-conditions-of-our-domain/ https://notthegrubstreetjournal.com/2023/06/04/fear-uncertainty-and-doubt-fud-fear-of-missing-out-fomo-the-housing-market-dialectic-fomoguff-fudguff-guff-guff-all-smells-the-same-to-me/ https://notthegrubstreetjournal.com/2023/06/03/has-the-bottom-revealed-itself-the-no-guff-guide-to-the-bottom-of-the-market-ukhouseprices-crash-or-correction/ https://notthegrubstreetjournal.com/2023/03/10/on-may-15-2020-the-central-bank-of-sweden-the-riksbank-announced-that-it-would-be-using-blackrock-to-conduct-an-analysis-of-the-swedish-corporate-bonds-market-from-poster-child/ https://notthegrubstreetjournal.com/2023/06/02/show-us-your-bottom-crash-or-correction/ https://notthegrubstreetjournal.com/2023/05/23/the-ending-of-the-long-monetary-expansion-cycle-and-a-brave-new-world-of-housing-realism/ https://notthegrubstreetjournal.com/2023/05/10/bulls-and-bears-in-the-woods-with-charlie-houseprices-wages-interestrates-correlations/ https://notthegrubstreetjournal.com/2023/05/08/the-financialisation-of-housing-production-exploring-capital-flows-and-value-extraction-among-major-housebuilders-in-the-uk/ https://notthegrubstreetjournal.com/2023/05/08/the-finance-insurance-and-real-estate-fire-burning-down-the-free-market-in-housing-absorptionrate-dividends-sharebuybacks-toppay-salesincentives-landbanking/ https://notthegrubstreetjournal.com/2023/04/12/the-looting-begins-investor-blackstone-defies-global-property-woes-with-new-30bn-fund-vulturefund-looting-poachergamekeeper-goingdirect-conflictofinterest/ https://notthegrubstreetjournal.com/2023/04/07/estr-sofr-sonia-one-night-last-stands-with-the-enemy-its-the-end-of-petro-dollar-hegemony-not-the-reserve-status-stupid-goingdirect-tina-exorbitantprivilege/ https://notthegrubstreetjournal.com/2023/04/05/petro-dollar-hegemony-central-bank-digital-currencies-deflation-free-markets-vs-free-trade-globalists-internationalists-the-enemy-is-you/ https://notthegrubstreetjournal.com/2023/03/29/baileys-bust/ https://notthegrubstreetjournal.com/2023/03/27/rate-hikes-have-been-going-too-far-and-too-fast-to-be-explained-by-the-likely-trajectory-of-inflation-in-the-medium-term-baileysbust/ https://notthegrubstreetjournal.com/2023/03/17/uk-housing-debt-market-update-q4-2022-higher-for-longer-housing-weak-all-eyes-on-thursday-march-23-2023-over-the-brink-to-baileys-bust/ https://notthegrubstreetjournal.com/2023/01/31/mortgage-market-heavy-breaking-applied/ https://notthegrubstreetjournal.com/2023/01/17/chatgpt-ai-and-the-affordable-housing-crisis/ https://notthegrubstreetjournal.com/2023/01/02/from-homes-for-heroes-to-exponential-zeroes-neglected-actors-in-the-housing-crisis-narrativeabsorptionrate-lasttimebuyerscash-buyers-fiscalpolicy-miras-and-stampduty-an/ https://notthegrubstreetjournal.com/2022/12/26/where-did-all-that-wealth-come-fromand-what-should-we-do-about-it/ https://notthegrubstreetjournal.com/2022/10/01/qed-austerity-by-any-other-name-akrautbyanyname-drstrangelove/ https://notthegrubstreetjournal.com/2020/12/13/moduloft-the-affordable-housing-manufacturers-defining-the-terms-of-and-boundary-conditions-of-our-domain/