logo
North Norfolk has highest proportion of properties owned outright

North Norfolk has highest proportion of properties owned outright

Yahoo3 days ago
North Norfolk has highest proportion of properties owned outright
Nearly half of properties in North Norfolk are owned outright by their occupants, a higher proportion than any other local authority in England, new figures show.
The thin strip of East Anglia coastline, which includes the seaside towns of Cromer and Sheringham, has for several years been the area of England with the largest percentage of population aged 65 and over.
The data has been published by the Office for National Statistics (ONS) as part of its latest estimates of household tenure, which also includes figures for accommodation that is rented or owned with a mortgage or loan.
North Norfolk tops the list for the highest percentage of properties owned outright by occupants (49.8%), followed by Rother in East Sussex (48.7%), Staffordshire Moorlands (48.2%), Derbyshire Dales (48.2%) and East Lindsey in Lincolnshire (47.4%).
Three of these five – North Norfolk, Rother and East Lindsey – are also the local authorities where people aged 65 and over account for the largest share of the population.
The areas with the greatest proportion of homes owned outright by occupants tend to be in coastal regions or away from cities, the ONS said.
The top five with the lowest percentage of outright ownership are all in London: Tower Hamlets (8.4%), Hackney (10.0%), Southwark (10.8%), Islington (11.8%) and Lambeth (12.1%).
However, the trend is reversed for properties that are privately rented.
Here the top five areas with the highest proportion are all in the capital: City of London (51.8%), Westminster (47.9%), Kensington & Chelsea (42.8%), Newham (41.1%) and Tower Hamlets (41.0%).
The bottom five are outside cities and away from heavily built-up areas: North East Derbyshire (10.3%), South Staffordshire (10.6%), Rochford in Essex (10.6%), Bromsgrove in Worcestershire (10.7%) and Maldon in Essex (11.7%).
The ONS figures are for 2023 and suggest there were a total of 23.7 million households in England living in 25.4 million dwellings.
Of this total, 8.3 million dwellings (32.6%) were owned outright, 7.6 million (29.8%) were owned with a mortgage or a loan, 5.3 million (20.8%) were privately rented and 4.2 million (16.7%) were socially rented, mainly from housing associations and local authorities.
Wokingham in Berkshire has the highest proportion of properties owned with a mortgage or loan (42.3%), followed by Dartford in Kent (41.4%), Hart in Hampshire (39.5%), Bracknell Forest in Berkshire (39.4%) and Reigate & Banstead in Surrey (39.0%).
The areas with the lowest proportion are again all in London: Westminster (13.3%), Kensington & Chelsea (13.8%), Camden (14.9%), City of London (15.1%) and Islington (17.1%).
For properties that are socially rented, the top five areas are in the capital: Islington (38.9%), Southwark (38.5%), Hackney (38.5%), Lambeth (33.4%) and Camden (31.7%).
The bottom five are Castle Point in Essex (5.3%), Wokingham (7.1%), Medway in Kent (7.3%), Wyre in Lancashire (7.6%) and Ribble Valley in Lancashire (7.8%).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Live updates: Trump to discuss trade with British Prime Minister Keir Starmer in Scotland
Live updates: Trump to discuss trade with British Prime Minister Keir Starmer in Scotland

Associated Press

time15 minutes ago

  • Associated Press

Live updates: Trump to discuss trade with British Prime Minister Keir Starmer in Scotland

President Donald Trump is in Scotland today where he is expected to meet with British Prime Minister Keir Starmer to refine a trade deal the two leaders signed last month. During the trip, Trump has also visited Trump golf properties as his family's business prepares to open a new Scottish course bearing his name in August. Critics argue the overseas trip — with its entourage of advisers, White House and support staffers, Secret Service agents and reporters — is an example of Trump's blending of presidential duties with promoting his family's business interests. The White House has called the visit a working trip. Trump will embark on a formal state visit to the U.K. later this year.

Sunny weather boosts UK retail sales in June
Sunny weather boosts UK retail sales in June

Yahoo

time31 minutes ago

  • Yahoo

Sunny weather boosts UK retail sales in June

Retail sales volume in the UK rose by 0.9% in June 2025, recovering from a steep 2.8% fall in May but still falling short of economists' expectations of a 1.2% rise. The Office for National Statistics (ONS) attributed this rebound to England's warmest June on record, which spurred demand for food and drink, automotive fuel and summer clothing. dr kris hamer's response to ons retail sales dataDr Kris Hamer, director of Insight at the British Retail Consortium (BRC), responded to the latest ONS Retail Sales Index, which showed retail sales up 3.5% by value and 1.8% by volume year‑on‑year. He noted that warm, sunny weather encouraged higher spending on cooling appliances, food and drink, and social gatherings. Hamer warned that consumer confidence declined in July, exposing sales performance to risk for the rest of the summer. Retailers were facing around £7 billion of additional costs stemming from last year's budget, which could force higher prices or cutbacks in investment if further taxation measures are introduced. Context: seasonal spending and broader economic backdrop Retailers across food stores, non‑store (online) outlets and automotive fuel segments recorded gains. Online spending reached its highest level since February 2022, with fuel sales up 2.8%. In contrast, household goods and second‑hand retailers saw slight declines, attributed to reduced footfall. Despite the mid‑year bounce, overall retail sales remain below pre‑pandemic volumes, and quarterly growth has weakened. Inflation climbed to 3.6% in June, notably driven by food prices, further tightening household budgets. Growth supported by weather and live events According to multiple analysts, the warm weather combined with a packed live events calendar—such as Wimbledon and major concerts—helped spur extra retail activity around hospitality and leisure sectors. Barbecues, drinks and event-related outfits supported sales in supermarkets and department stores, while department store sales rose by around 2.1%. Consumer sentiment and what lies ahead While June brought a temporary uplift in retail sales, consumer sentiment turned sour in July, as confidence slipped and households prepared for potential tax increases in the autumn Budget. With £7 billion in budget-driven cost pressures hitting retailers, concerns are mounting over pricing, investment and jobs in the coming months. Analysis of retail trends and risks weather-driven boost – the record high temperatures prompted impulsive food, drink and fuel purchases along with demand for cooling devices. online spending rebound – non-store retail volumes rose 1.7% in June, the strongest since early 2022. Fuel and hospitality segments saw double‑digit growth. economic fragility ahead – a sharp fall in confidence during July compounded by rising inflation and looming fiscal policy risks places the rest of summer trading under pressure. With cost-of-living and inflation concerns still strong, and uncertainty around taxation and spending entering the autumn, analysts say retailers can expect subdued consumer demand and tight margins in the weeks ahead. "Sunny weather boosts UK retail sales in June" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

Liverpool 'to make formal offer' for Alexander Isak this week as £65.5m Luis Diaz transfer is agreed
Liverpool 'to make formal offer' for Alexander Isak this week as £65.5m Luis Diaz transfer is agreed

Yahoo

timean hour ago

  • Yahoo

Liverpool 'to make formal offer' for Alexander Isak this week as £65.5m Luis Diaz transfer is agreed

Liverpool have agreed a deal that is expected to help fund a bid for Newcastle striker Alexander Isak. The Reds have already bolstered their attack with the signing of Hugo Ekitike but remain interested in bringing Isak, who scored 23 Premier League goals last season, to the club this summer. Despite approaching Newcastle over signing of the Sweden international for around £120million, the reigning champions of England were quickly told that the striker was not for sale. However, the transfer saga took a stunning twist last week when Isak asked to leave Newcastle and was subsequently left out of the squad that travelled to Asia for the pre-season tour. Now, the Magpies are bracing themselves for a formal offer from Liverpool for Isak this week. According to reports, the Merseyside giants have been given the green light to launch a bid for the striker as Luis Diaz's exit is imminent. Liverpool have agreed to sell the Colombia international to Bayern Munich for a fee said to be in the region of £65.5m. The money from the sale is expected to fund a bid for Isak. While the message from the Newcastle hierarchy has been they want to keep their best players, if Liverpool's offer approaches £150m mark and Isak pushes to leave St James' Park then that stance could soften. Regardless of the outcome, Newcastle manager Eddie Howe is well aware his side must strengthen after missing out on a number of key targets - including Ekitike. Speaking after the pre-season defeat to Arsenal on Sunday, he said: 'We're not deluded. We know we need to bring players in. 'We've known that for a long time. We did a lot of work (at the end of last season), we knew what we wanted. 'But it's been a challenging transfer window. Let's see what we can do.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store