Millbanks Team have done it again!


Private renting has grown across every UK region over the last 40 years, but the scale and pace are often misunderstood. This graphic shows how uneven that growth has been, shaped largely by the decline in social housing. Understanding this shift helps explain today’s housing balance and the choices ahead.
Falling mortgage rates are bringing welcome relief to first-time buyers. Monthly repayments on the average UK first-time buyer mortgage are now around £355 less than three years ago — easing financial pressure and making homeownership feel more achievable for many ready to take their first step onto the property ladder.
This map highlights the average size of homes sold across the UK since 2020, measured in square feet from completed sales. What stands out is how little the averages vary between regions, despite very different housing types. Northern Ireland is the clear exception, with noticeably larger homes on average.
With ongoing reforms and rising compliance demands across the UK, managing a rental property alone is becoming increasingly complex. Here’s why professional management now matters more than ever.