Latest News

Why the best letting agents will take centre stage post-fees ban

19 June 2019

The tenant fee ban is finally here and in a post-fees market, it will inevitably be letting agencies that take a traditional approach with a focus on high customer service, that will be of huge value to landlords. Read More...

Scottish housing charities and experts meet to find solutions to housing crisis

19 June 2019

Edinburgh has recently seen local housing charities and experts meet to discuss the housing challenges faced by people living in Scotland and explore potential solutions. Read More...

The beginning of a new era

17 June 2019

On 14 June, after several weeks of voting for board and presidential roles, Propertymark’s Annual General Meeting (AGM) revealed who will be taking us forward into the coming year. Read More...

UK agents come together to set direction of travel for Propertymark

14 June 2019

The Propertymark Annual General Meeting (AGM) took place on 14 June at the St Martins Lane Hotel, London, attended by a small group of members, some of whom had travelled from across the country. The Annual Report and Accounts had been shared with members earlier in the month and voting for board and presidential roles had been going on for several weeks. Read More...

Rise in stay-at-home young adults

Thursday 11 April 2019

Research from Civitas, Institute for the Study of Civil Society, shows a million more sons and daughters in the UK are living with their parents than there were two decades ago.

The report states that a quarter of 20 to 34-year-olds live at home and since 1998 this has risen by 41% in London, where housing is most expensive, but by much less in cheaper areas like north-east England (14%) and Yorkshire and the Humber (17%).

And for 23-year-olds across the UK, the proportion living with parents has risen from 37% in 1998 to 49% in 2017.

Civitas Editorial Director, Daniel Bentley said: "As owner-occupation and social housing have each become more difficult to enter, hundreds of thousands of young adults have taken one look at the high rents in the private rented sector and decided to stay with their parents a bit longer instead."

He added that it was essential the government took this into account when forecasting future housing need.

The study also suggests youngsters who do move out are much less likely to live on their own than they were in the late 1990s and single-person households have dropped to 30% in recent years.

This is in stark contrast to most of northern and western Europe, the report says, where single living has been increasing rapidly.

In France and the Netherlands, 35% of households are single-person. And this rises to more than 40% in Germany and Denmark.

New homes

A spokesman for the Ministry of Housing, Communities and Local Government said: "For the last 30 years, governments of all stripes and types have failed to build enough homes, but we're turning that ship around.

"We still need to deliver more, better, faster, but more than 222,000 homes were delivered in 2017-18, the highest level in all but one of the last 31 years.

"We've also set out an ambitious package of measures to help build 300,000 properties a year by the mid-2020s.

"This includes over £44bn investment, rewriting the planning rules and giving local authorities the power to build a new generation of council houses.

"We are also supporting investment in build-to-rent homes to improve supply and affordability in the private rented sector."

Propertymark resources

House Buying Advice and Guides are available on our Propertymark website which includes a video on top tips to help first time buyers, a guide to shared ownership and with a potential bargain to be had, some tips about buying a property at auction.