June 14, 2019
HOW MUCH DOES PROPERTY CONTRIBUTE TO THE INCOME OF INDIVIDUALS?
New data released by the Office for National Statistics on gross disposable household income (GDHI) per head, includes analysis on primary sources of income.
In addition to income from employment (the main source of income), ownership of assets, including property, is a key component.
The balance of income (minus mortgages or loans) from property in 2017 ranged from £2,440 per head in the North East to £5,535 in London, with the average amount equating to £3,300.
The GDHI for the UK stood at £19,514 per head in 2017 (based on current prices), rising by 1% on the previous year.
GDHI is a measure used to reflect the ‘material welfare’ of the household sector by quantifying the money that is available for spending or saving after tax and after receiving any direct benefits.