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Housing Needs Assessment 2006 - Westminster City Council

Housing Needs Assessment 2006 - Westminster City Council

Housing Needs Assessment 2006 - Westminster City Council

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EXECUTIVE SUMMARYCar ownership and tenureAverage number of cars/vans available foruse1.00.80.60.40.20.00.67Owneroccupied(nomortgage)0.88Owneroccupied(withmortgage)0.240.38 0.39<strong>Council</strong> RSL PrivaterentedSource: <strong>City</strong> of <strong>Westminster</strong> <strong>Housing</strong> <strong>Needs</strong> Survey <strong>2006</strong>The study also looked at past trends in household movement and future expectations. The broadfindings were:• An estimated 22.5% of households have lived in their current home for less than two years;with 41.0% of moves occurring within the <strong>City</strong>.• In terms of future household moves, the survey estimates that 27,437 existing and 6,086potential households need or expect to move within the next two years. In both cases ahigher proportion would like to move to owner-occupation than expect to do so.One of the main sources of secondary information used was the Land Registry. This data sourcesuggested that property prices in the <strong>City</strong> of <strong>Westminster</strong> are above the national average and alsohigher than the regional average.Information from the Land Registry shows that between the 4 th Quarter of 2000 and the 4th quarterof 2005 average property prices in England and Wales rose by 79.7%. For London the increase was47.7% whilst for the <strong>City</strong> of <strong>Westminster</strong> the figure was 45.2%.PAGE 3

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