Data from ONS revealed the link between the wellbeing of the UK and how it changes depending on the impact of housing.
The report showed there was a little increase in personal well-being in the UK, apart from a slight improvement in average happiness ratings which increased from 7.52 to 7.56 (out of 10) in March 2019.
Over the period, the only significant change at country level the report found was in Northern Ireland, where anxiety ratings increased from 2.53 to 2.83, bringing Northern Ireland back into line with the other UK countries on this measure.
The first year which there as been a full UK baseline at local level was in March 2013, since then, the average life satisfaction improved by 3.4% in the UK, with the largest improvement recorded in London (4.6%) at regional level.
Over the same period, average anxiety ratings in the UK improved by 5.3%, with the North West improving by 9.7% at regional level.
Across the UK, areas with higher average well-being ratings, between the years ending in March 2012 and March 2019, included the Orkney Islands, Na h-Eileanan Siar and Shetland Islands in Scotland, and Fermanagh and Omagh in Northern Ireland.
Over the same period, areas with persistently lower average well-being ratings included the London boroughs of Lambeth, Hackney, Islington and Camden.
Michael Stone, founder and CEO of Stone Real Estate,said: “Despite the UK being put through the political wringer since the EU referendum, the overall wellbeing of the nation remains resolute and has even seen a slight uplift.
“While this top-line view is positive, there are still many areas of the UK property market that continue to contribute negatively to the well-being of those residing within it.
He added: “These are for the large part, the least affordable, and It’s no coincidence that while large swathes of London are improving, the capital is home to some of the lowest rates of well-being and some of the highest house prices.”
Andy Scott, founder and CEO of the business turnaround specialists, REL Capital, added: “Fixing Britain’s broken housing market isn’t just about building more homes, it’s about the overall health of our nation, and the provision of these homes is just the first step in helping to cultivate public well-being.
“This is something the Government should be taking much more seriously than they currently are, along with other leading indicators such as crime, employment and earnings.”