Home Ownership: The Lowest In A Generation?

63% of English households own the home they live in. The last time the proportion was lower than this was in 1984, according to government statistics. The rest rent privately (19%) or from a social housing provider like a council or housing association (17%). The number of owner-occupiers has fallen every year since peaking in 2005. The English Housing Survey notes that trends in home ownership have changed “radically” over the past century. Most households seem to have rented until the early 1970s. Since then, home ownership has become the norm, but peaked in 2003 when almost 71% of households owned their property. Young people in particular are increasingly unlikely to own a home. Read more on the Full Fact website.