Mortgage

UK housing stock is full of spare rooms: Nationwide – Mortgage Strategy

Over the past decade, UK housing stock has increased 2.1 million homes (or 9%) to 254 million, but more than half of owner-occupied homes are classified as unoccupied and have two or more spare bedrooms.

According to a national report, about 53% of homes are marked as resident in 2023, which is marked as 2023 nationwide, jumping to 87% of all property owners in England that have at least one spare bedroom.

“The proportion of under-landing properties has been growing over time,” the study added.

In contrast, in the private rental sector, only 16% of properties are placed under-sufficient, saying mutual investigations: locks, stocks and new solar panels: changing home inventory.

The study says that in the social leasing sector, “overcrowded is more concerned”, with 8% of properties classified as overcrowded, and families are classified as overcrowded if there are fewer bedrooms available than the required nominal number.

Aaron Strutt, director of financial products and communications at Trinity, said: “The government really needs to do more to inspire homeowners to get spare rooms.

“If the Prime Minister [Rachel Reeves] A stamp duty change will be announced and a homeowner’s tax increase in the budget should actually be considered with a large number of spare rooms available.

“Tempting more people to get a room that suits someone will also help the Council already struggle with their housing bills.”

The report also found that green credentials for different permission types have “significant differences”.

It said energy efficiency “is generally much better in the social leasing sector, partly because of the regulations.”

It noted that 72% of properties in the social leasing sector have an A-to-C rating of Energy Performance Certificate, while 48% in the private leasing sector.

The owner-occupation sector is roughly similar to private rents, with 49% of the stock being C.

“In the past 10 years, energy efficiency has been improved in each stock due to the more efficient new properties and improvements made in many existing homes, such as lofts and cavity wall insulation,” the survey said.

It added that green technologies such as green technologies (e.g., expected to play a greater role in the future” in improving housing inventory efficiency.

But the report notes: “These are currently a rare feature, with only 276,000 homes in England, with heat pumps as the primary heating system, accounting for 1.1% of the total inventory.

“A higher percentage of rural homes have a heat pump of 7.6% compared to cities, accounting for 0.5% of homes, which may reflect more limited access to the power gas network.”

Research says solar panels are brighter in absorption.

There are 1.5 million homes in England with photovoltaic solar panels – accounting for 6% of the residences. Over 15% of properties have photovoltaic panels over the past 10 years.

“Another feature that may become more common over time is getting electric vehicle charging. Currently, 1.8 million homes have access to electric vehicle charging points – about 7% of total inventory,” the survey added.

“Again, this is often a feature of recently built properties, with about 20% of homes building electric vehicle charging points after 2012.”

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