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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. [1] [needs update] 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.
This page was last edited on 3 December 2024, at 22:38 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1] The home can be a house , such as a single-family house , an apartment , condominium , or a housing cooperative .
Land ownership in the United Kingdom is distributed in a Pareto-like distribution, with a relatively small number of organisations and estates, and to a lesser extent people, owning large amounts, whether by area or value, and much larger numbers owning small amounts or no land at all.
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
The Right to Buy scheme is a policy in the United Kingdom, with the exception of Scotland since 1 August 2016 and Wales from 26 January 2019, which gives secure tenants of councils and some housing associations the legal right to buy, at a large discount, the council house they are living in. [1] [2] [3] There is also a Right to Acquire for assured tenants of housing association dwellings ...
After extensive privatisation of the public sector during the Margaret Thatcher administration, there remain few statutory corporations in the UK. Privatisation began in the late 1970s, and notable privatisations include the Central Electricity Generating Board, British Rail, and more recently Royal Mail.
Currently, some of the biggest housing associations in the UK are Clarion Housing Group, Sanctuary Housing, L&Q and Peabody Trust, to name just a few. Some housing associations have partnerships with real estate investment trusts : Civitas Social Housing is the largest social housing real estate investment trust , working with 15 housing ...