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About: Housing in the United Kingdom     Goto   Sponge   NotDistinct   Permalink

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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. About 30% of homes are owned outright by their occupants, and a further 40% are owner-occupied on a mortgage. About 18% are social housing of some kind, and the remaining 12% are privately rented. Housing is the jurisdiction of the Minister of State for Housing.