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.

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