Property ownership is growing fastest among the
grandparent generation while their children are increasingly driven into the
rental market, figures reveal. The over-70s and the under-20s are the only
groups in which home ownership is rising, according to findings by the House of
Commons library which prompted a Tory ex-minister to warn of a unhealthy
generation gap. The figures suggest the older generation is building up
buy-to-let portfolios and brought fresh demands for the government to intervene
to tackle a growing housing crisis. Falling levels of ownership have been
blamed on a shortage of supply of affordable homes and resulting increases in
property prices across the UK. Read more on the inews website.
