The simple average house price for terraced houses in London declined in 2023 after soaring for three years straight. In 2024, the average price increased again, reaching 725,000 British pounds. Additionally, purchasing a terraced house in London was about 400,000 British pounds more expensive than the national average.

House prices in England have increased notably in the last 10 years, despite a slight decline in 2023. In December 2024, London retained its position as the most expensive regional market, with the average house price at ******* British pounds. According to the UK regional house price index, Northern Ireland saw the highest increase in house prices since 2023.

Starts and completions of new build dwellings in the UK, on a quarterly and annual basis, time series data

Private companies were responsible for most of the new homes built in the United Kingdom (UK), amounting to ******* units in 2024. Housing completions in the UK decreased for three years in a row between 2007 and 2010. This was followed by several years of fluctuation and a gradual increase from 2013 to 2019. The number of homes completed in England remained relatively stable in 2022 and 2023, after reaching a low point in the second quarter of 2020 due to the restrictions implemented to prevent the spread of COVID-19. Construction starts and completions Comparing the number of starts and completions in London side-by-side shows that whenever there is a significant growth or fall in the number of projects started, that peak or valley tends to be reflected in the number of buildings completed a couple of years later. Nevertheless, disruptions, delays, and other obstacles may affect that correlation. Still, observing how many home construction projects started in the UK can provide some insight into the level of activity that construction companies may have in the near future. Given that the number of housing starts is forecast to fall in 2024, there might be slightly less work to be carried out the following year. Nevertheless, housing starts are expected to pick up again by 2025 and 2026. Housing associations in the UK Housing associations are not-for-profit organizations created to develop and rent homes for a lower price than in the private market. They have acquired certain relevance in the UK, although this type of organization also exists in other countries. On several occasions during the past decade, over a fifth of housing starts in London were developed by housing associations. Meanwhile, the number of new homes completed in Scotland by housing associations has increased a lot throughout the years, with several thousand units constructed every year during the past decades.

The share of United Kingdom households that own a home computer reached a plateau of 88 percent, starting in 2015/16. It wasn’t until 2002/03 that home computers could be found in a majority of households in the United Kingdom, when the rate of ownership jumped from 49 percent to 55 percent.

Changing face of the home computer

Although most households contain a computer, the actual device used is likely to have changed considerably in recent years. In 2010 the majority of households still reported owning a desktop PC or iMac computer, with 52 percent of people owning such a device. By 2018, this rate fell to just 28 percent. Laptops, conversely, have been on the rise, with the penetration rate increasing from 47 percent in 2009, to 63 percent in 2018.

Laptop sales

According to the most recent figures from the United Kingdom (UK) Office for National Statistics (ONS), the sales value of laptops, notebooks and palm-top organizers reached 58.79 billion British pounds in 2017. In that same year, 46 percent of respondents to a Statista survey reported buying a laptop every 3-5 years.

Worldwide, total laptop sales are expected to reach 171 million units in 2023, up from 166 million units in 2019. Desktop sales are expected to contract, from 88.4 million units in 2019, to 79.5 million units by 2023.