Home ownership, especially among the young, in the UK has declined significantly compared to a decade ago. As the name suggests, Generation Rent is growing, now more than ever before. Today, 40% of young adults are unable to afford one of the cheapest homes in their area even with a 10% deposit. For 25- to …
Millennials Loss in Home Ownership A Landlord’s Gain? Read More »
The latest data from Savills looking at UK homeownership has revealed that the amount of the nation’s property wealth held by the older generation is on the rise, while youngsters are increasingly less likely to own a home. It looks like the odds are stacked against UK’s younger population. Many are leaning towards alternative ownership schemes, …
UK’s Younger Generation Opt to Rent As Over-50s Dominate Property Market Read More »
Home ownership across England was at its peak in April 2003, when 71% of households owned their homes, but the figure fell to 64% by February this year, according to a new report by the Resolution Foundation thinktank. The report also shows a big slump in home ownership in Greater Manchester and cities in Yorkshire …
