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