Landlords buying property today will get less for their money than in the past, as the average size of homes in England has plummeted by over 10 per cent in the past four decades.
Research from ElectricalDirect has discovered that in 1980, on average UK houses boasted 75 square metres of space. However, by 2020 the average house size fell to around 67 square metres.
Prices, of course, have rocketed over the same period.
Back in 1980, the average price for a house in England was £18,377, but in 2020 the average was £247,898.
The survey found that average property sizes did actually increase in some areas since 1989, notably in cities in the north of England - however, such rises were no more than three per cent.
The study looked at 293 cities across England.
Two years ago a study undertaken by LABC Warranty showed new-build homes reduced by four square metres since 2010.
That study examined average property sizes across 20 leading cities in the UK.
That survey also looked at a 40 year time window but only at new-builds - and it found their size decreased by an average 20 per cent.
We're excited to announce that we're working on building a shiny new website for readers of Landlord Today! As part of this process, commenting on articles will be temporarily disabled. We look forward to sharing our new and improved Landlord Today website with you shortly!
Faulty appliances cause an average of 43 fires a week in England...
New regulations on electrical safety standards for private rented accommodation have...
A new analysis of government figures shows major changes in Britain’s...
A tenant eviction specialist has warned that the Government’s proposal to...
.png)
The UK property market is on the cusp of significant change...
Landlords, if you haven't heard of it until now, it's time...
(1).png)
As a seasoned landlord, you've likely witnessed the UK property market's...
Managing rental properties, whether you have a few or a dozen,...
Congratulations on taking the leap into becoming a landlord! Property investing...
Twenty twenty-four is a pivotal year for landlords in the Private...
There wasn’t much by way of good news in the Spring...
National Landlord Investment Show has announced that the former Leader of...
We are thrilled to report that the first National Landlord Investment...
Landlords play a crucial role in providing safe and comfortable housing...
.jpg)
Calling all landlords, Investors and property professionals: National Landlord Investment Show...
In the buy to let market, success goes beyond the transaction...
Mohammed Sharaz, a landlord from Bradford, recently seized an opportunity to...
We believe a well-functioning housing system is one that meets everyone’s...
If you are a landlord looking for the silver lining in...
This year is set to bring sweeping rental reforms that will...
Landlords are exiting the market in droves. According to an accountancy firm...
%20(002).png)
Newable Finance, the finance brokerage & advisory arm of Newable, launches...
Homes in the rental sector are more likely to have old...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you, and what does it say on...
