Much of the coverage of the latest English Housing Survey figures has focused on the booming private rented sector. But there’s something interesting to be said about the social rented sector too. Namely, that social housing is ageing – maybe even dying.
Not just figuratively – the proportion of housing stock which is social rented has dropped from nearly a third in 1980 to under 17 per cent in 2013 – but also literally, in terms of its tenants.
The biggest group of tenants in social housing is not, as is popularly thought, the unemployed. It’s not the working poor either. The biggest group of tenants in England’s social housing is retired people.
By contrast, the biggest group in private rented housing is full-time workers.
As a result, social housing is dominated by older people – while private rented housing is dominated by young people. Read more
Aberdeen’s economy is booming. The gateway to Britain’s offshore oil and gas reserves, it has long helped to buoy up Scotland’s economy. And now with a wider economic recovery kicking in, it’s acting like Viagra on the area’s house prices.
Property values in Aberdeen and the surrounding area grew faster than anywhere else in the UK in 2013, according to new data produced by estate agents Savills exclusively for the FT.
Aberdeen has even outpaced last year’s hotspot, Elmbridge in Surrey. Read more
“I haven’t achieved impact. I’ve got fame but no impact. My son tells me I have the [worst] fame-impact ratio in the world.”
It’s a little odd to hear Hans Rosling complain about a lack of influence. Can a man who is invited to speak to world leaders, bosses of some of the biggest companies on the planet and organisations such as the IMF – and who, in 2012, was included in Time magazine’s 100 most influential people in the world – really feel insignificant? Read more
by Kate Allen, Keith Fray and Patrick Mathurin
What are the most used (and perhaps overused) charts of 2013? Read more
Six of the ten most expensive streets to buy a home in England and Wales are in the London borough of Kensington and Chelsea, a study by Lloyds Bank has found.
The most expensive street was Egerton Crescent, which lies close to the Victoria and Albert and Natural History museums, where properties have a typical price tag of just under £7.4m. Read more
By Kate Allen, Callum Locke and Martin Stabe
House prices in the UK are a perennial topic of interest. But different indices measure house prices in different ways, causing confusion among home-owners, who can’t be sure whether their house price is going up or down.
This has become particularly noticeable in recent years as the indices readings have diverged.