Better UK rental statistics urged
Wednesday 19 September 2012
The raft of statistics that have helped to fuel Britain's fascination with property prices is not replicated in the rental market and should be addressed, the country's senior statistician said today.
Jil Matheson said the absence of a UK-wide official private rental index was a "key gap" in the country's analysis of the house market.
The National Statistician also called for more to be done to join up the official housing market statistics produced by a wide range of bodies to help people to spot underlying trends more easily.
Quarterly private rental figures published by the Valuation Office Agency (VOA) are limited to England only, while non-official figures tend not to be broken down enough, her review said.
The VOA's figures could be combined with sources from Scotland, Wales and Northern Ireland to produce a monthly UK-wide index, she suggested.
Private sector rents have soared over the last year as would-be home buyers have found themselves trapped in the rental sector and unable to meet mortgage lenders' toughened borrowing criteria or raise a large enough deposit.
Suggestions have also been made that many people are choosing to rent rather than buy a home due to the patchy and uncertain state of the housing market, making it even more vital that people are able to compare the potential costs of buying with renting.
A range of people and institutions rely on official housing figures to help them make decisions, such as whether to buy, rent or sell a home, decisions over house building, the setting of stamp duty levels and mortgage lending.
But it can be hard to work out what statistics are available and to piece them together, the report said. It recommended there should be at least one article a year explaining key trends in the UK housing market.
Those who publish official housing market figures should place them in greater context and provide links to other sources, the review said.
The range of organisations producing such figures includes HM Revenue and Customs, the Land Registry, the Ministry of Justice, the Office for National Statistics, the Welsh Government, the Scottish Government and the Northern Ireland Housing Executive.
The review does not include some high-profile monthly house price studies produced by lenders such as Nationwide and Halifax.
Ms Matheson, who is the Government's principal official statistics adviser, said: "The housing market affects everyone in the UK in some way.
"Good quality statistics are essential for making informed decisions on housing, from central government planning to private individuals deciding whether to move, rent or buy."
A meeting of producers and users of the housing statistics will take place next month and a timetable will be drawn up to take the latest recommendations forward.
A first-floor flat with two bedrooms, a spacious reception room and communal grounds in a leafy part of London
A three-bedroom flat with a spacious rootop terrace and balcony, accessed from a private gated courtyard
A Grade II-listed pile with six bedrooms, stables and 39 acres of grounds in Standlake
A two-bedroom flat with boutique hotel-style interiors, close to the foodie haunt of West End Lane
A two-bedroom flat in a beautiful old vicarage, with many original features, close to the city centre
A three-bedroom 16th-century home with an aga kitchen, private gardens and heated outdoor pool, in Hadleigh
A three-bedrom home in sought-after Queen's Gate Mews, with Italian marble-finished bathrooms
Surrounded by glorious countryside in the village of Udimore, sits this impressive four-kiln oast and barn conversion
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens
A seven-bedroom Grade II-listed property with a separate self-contained apartment
A five-bedroom Victorian house with three reception rooms and galleried landing, £695,000
A six-bedroom farmhouse with five acres of land in a former cloth-making village
A secluded seven-bedroom detached house with large private garden, £490,000
A three-bedroom cottage overlooking Sarratt village green with open fires and solid oak floors
A three-bedroom maisonette flat in a Grade I-listed, Georgian townhouse in a sought-after location
A one-bedroom apartment located within a private gated development, north of Turnham Green
Look forward to a brighter future at two-bedroom Sunny Cottages, ideal for Londoners looking to downsize
A three-bedroom red-brick cottage with outbuildings and pretty gardens, £200,000
This three-bedroom flat within a former textile factory spans the corner of the fourth floor and has a balcony
A charming four-bedroom Oxfordshire cottage with oak floors and chunky-beamed ceilings, £465,000
A beautiful one-bed flat in a sought-after portered block, with access to Norland Square communal gardens
A one-bedroom flat within a Sixties school conversion with high-spec design and open-plan kitchen, close to Lambeth North Tube, £435,000
A 17th century four-bedroom house, with open fireplaces, cellar and pool, £600,000
A three-bedroom, coach house with luxury open-plan living space and contemporary breakfast bar
A newly refurbished one-bedroom flat in the heart of Mayfair, close to Grosvenor Square
A charming four-bedroom house overlooking Burleigh Square Park, close to Thorpe Bay
A three-bedroom farmhouse with a large inglenook fireplace and exposed beams
Life & Style blogs
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Salmond accused of laughing off national debt with ‘what are they going to do: invade?’ joke
- 1 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 2 Thailand deaths: Pair's bloodied bodies found naked on Koh Tao beach
- 3 Lego breaks out of the toy box and heads for the gallery
- 4 Vogue under fire for 'Big Booty' article
- 5 Julian Assange and Edward Snowden join piracy mogul Kim Dotcom’s political campaign in New Zealand
£45 - £55 per day: Randstad Education Cheshire: Teaching Assistants urgently r...
£85 - £135 per day: Randstad Education Cheshire: The Job:We are looking for a ...
£85 - £135 per day: Randstad Education Cheshire: Randstad Education is the UK ...
£80 - £100 per day: Randstad Education Bristol: Key stage 1 Teacher - Gloucest...