Housing in the United Kingdom represents the largest non-financial asset class in the UK; its overall net value passed the £5 trillion mark in 2014. Housing includes modern and traditional styles. About 30% of homes are owned outright by their occupants, and a further 40% are owner-occupied on a mortgage. About 18% are social housing of some kind, and the remaining 12% are privately rented.
The UK ranks in the top half in Europe with regard to rooms per person, amenities, and quality of housing. However, the cost of housing as a proportion of income is higher than average among EU countries, and the increasing cost of housing in the UK may constitute a housing crisis for some, especially in as London. (Full article...)