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More than two thirds of UK homes have been sold off by developers in the past six months, according to figures released by the government.
More than 100,000 homes were bought for less than £400,000 last year, up from 96,000 the previous year, the latest figures from the Office for National Statistics show.
The ONS figures also show that a record number of new homes are being built every month, up 18.7 per cent on the previous month.
This is despite the Government warning that it would only be able to house 5.6 million people over the next five years.
More than half of new construction is in new properties.
The latest figures also showed that the number of properties sold was up by a third compared with January, with new listings on the rise by a fifth.
The number of people who said they were not planning to buy a home in 2018 fell by a tenth to 2.1 million, the biggest drop since the data began.
But the Government says the numbers are still far higher than a year ago, with a total of 4.4 million homes on the market.
The figures also found that home sales are continuing to rise in England and Wales.
More:The ONR said:The data showed that new house sales in England fell by 2.4 per cent compared with the previous 12 months, the lowest rate since the figures began.
But it also said the number was still more than double the 5.4million people expected to buy homes last year.
A spokeswoman for the Home Office said:»These figures show that demand for homes has risen, and the market continues to be robust, with strong demand for new houses in all regions.»
These are encouraging signs and demonstrate that housing is a significant part of the economy and jobs, with households continuing to spend more on their homes than they did in 2014.
«Home ownership remains at record highsThe figures, from the National Property Monitor, show that house ownership remains a record high in England, despite the UK government announcing last year that it was planning to stop selling homes.
More home sales than everThe number was more than five times higher than the previous peak of 5.1m in 2015, when the Government announced a policy of selling off properties.
The NPM figures show:The number that are on the waiting list for a home fell by almost five per cent to 8.6m in the year to April.
The average price for a single family home is now £200,000.
The proportion of people on the Housing Benefit freezelist increased by almost two thirds from a year earlier to almost nine per cent.
More people in work and education than ever beforeThe number working in the UK has doubled over the past five years, from 9.1 per cent of the workforce to 13.3 per cent in the latest year.
More children are in school than ever in the last three years, with more than a quarter of children in primary school now enrolled.
More adults are in work than ever, with the number working past 60 working at the highest rate since records began in 1979.
More students are studying at university than ever.
More young people are choosing to study abroad than ever again, with almost one in three of those between the ages of 18 and 24 opting to study in the world’s fastest growing economy.
More workers are now employed in higher education than in the previous five years than ever and the proportion of students studying at a university that is full is now at a record level.
More homes have gone on the blockThe number on the National Housing Register has risen by more than seven million since 2015.
More work is being done to improve the supply of homes, with builders now spending an average of three months building each home.
The numbers show that the majority of developers have been able to reduce the price of homes by more like 30 per cent, but that there are still more on the verge of going under.
More are now building houses than everbeforeMore than 5.2 million new homes were sold in England in 2018.
At least 4.6million of those were in new homes, up by two per cent from the previous three months.
This year’s figures show an increase in new house prices across England.
More than a third of homes sold last year were £400k or less, a 25 per cent increase on the year before.
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