- New research, commissioned by Royal Mail’s Address Management Unit (AMU), has found that flats are fast becoming the property of choice as consumers embrace single-storey living
- The report¹ – which has been released today – reveals that flats now make up nearly a quarter (23%) of all housing in the UK. The number of flats has increased 4.2% over the last four years, compared to total growth of 2.5% for all UK housing in the same period.
- Royal Mail’s Address Management Unit says that the number of flats, known as multiple residencies, added to the Postcode Address File (PAF) surged by 18% from April to December in 2016 compared to the same period in 2015
- The total number of multiple residencies added to PAF between July 2016 and December 2016 was 33,220
- London has the highest share (54%) and highest total number of flats (1.89 million) followed by Scotland (38% share and 971,678 total) and the South East (22% share and 824,290 total)
- Northern Ireland has the lowest share and number of flats with multiple residencies accounting for just a tenth (11%) – the equivalent of 82,540 properties
- Kensington and Chelsea is home to the most expensive multiple residencies in the country. The average price tag of a flat there is £1.16 million, more than 26 times the price of the lowest average price which is in Blaenau Gwent in South Wales
New research, commissioned by Royal Mail’s Address Management Unit (AMU), has found that flats are fast becoming the property of choice for consumers as they embrace single-storey living.
The new report¹ – which was released today – reveals that flats now make up nearly a quarter (23%) of all housing in the UK. The number of flats has increased 4.2% over the last four years, compared to total growth of 2.5% for all UK housing in the same period.
Read more at royalmailgroup.com