Home ownership falls to lowest level for 30 years

August 2, 2016

English home ownership has fallen to levels last seen in 1986 according to analysis by the Resolution Foundation thinktank published today (2/8/2016)

The analysis shows that having peaked at 71% in 2003, the proportion of people owning their own home across England has fallen steadily over the last decade by eight percentage points.

It shows that the problem is not only confined to London, Greater Manchester, South and West Yorkshire and the West Midlands Metropolitan area experiencing double digit falls since their early 2000s peak.

In the report The Foundation notes that people living in Greater Manchester are no more likely to own a home than people living in Outer London, and that home ownership rates have fallen below all other big northern city areas apart from Tyne & Wear. It says falling deposit affordability has played a major role in this trend.

Read the full report from the Resolution Foundation click here

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Record number of contacts for The Property Ombudsman

• 73,035 consumers contacted The Property Ombudsman in 2024 • 19,495 property businesses registered • £1.49 million awarded to consumers • 7,823 enquiries were related to tenant issues • 4,980 cases resolved by early resolution and formal investigation • 71% of cases resolved by formal investigation were found in favour of the consumer • 2,107…
Read More →
Home and Living

Exercise Equipment Movers Services Los Angeles: 8 Excellent Ways for Easy Home Gym Relocation

The city of Los Angeles is a very vibrant city and one that presents challenges that are quite different from most other cities of the country. Los Angeles is known for having a diverse and vibrant culture which can be experienced both in small neighborhoods as well as in the city’s core. Los Angeles, a…
Read More →
Estate Agent Talk

How to Choose an Air Conditioning Installation Engineer

With rising temperatures becoming more common in the UK, many homeowners are considering installing air conditioning systems to maintain comfortable indoor environments. However, selecting the right professional to handle your air conditioning installation is crucial for ensuring safety, efficiency, and compliance with regulations. This comprehensive guide will help you navigate the process of choosing a…
Read More →
Breaking News

Over Half of UK Property Investors Plan to Expand Portfolios in 2025

  Portfolio Growth: 54% of investors intend to increase the size of their portfolios, with 73% aiming to diversify geographically and 75% sectorally, reflecting a strategic approach to growth. London Leads Again: Cited by 46% of respondents, London has regained its crown as the most attractive region, followed by the East of England at 42%.…
Read More →
Home and Living

Why Walk-In Baths Can Enhance the Value of Your Home and Property

Walk-in baths are becoming an increasingly popular feature in modern homes, and for good reason. With an ageing population, a greater emphasis on accessible design, and a desire for luxury upgrades, walk-in baths offer both practical and aesthetic advantages. Beyond their health and convenience benefits, they can also significantly enhance your property’s value. Increased Accessibility…
Read More →
Rightmove logo
Breaking News

Prices reach new record despite more subdued late Spring market

New seller asking prices rise by 0.6% (+£2,335) this month to a new record of £379,517. However, this month’s seasonal price increase is the lowest at this time of year since 2016, as the decade-high number of homes for sale limits price growth The traditionally strong late Spring market is more subdued following a busy…
Read More →