Housing Crisis Will Halve Number of Young Homeowners in Five Years

The number of young adults able to buy homes could fall nearly 50% within five years unless the government addresses the housing shortage, a report has claimed. Over the past decade, home ownership among 25-34-year-olds has dropped by a third, from 1.8m to 1.2m, and analysis by the housing charity Shelter suggests that if current trends continue, the number of young homeowners will drop to about 616,600 by the end of this parliament. This would mean that less than 20% in that age group would have made it on to the property ladder, compared with nearly 60% a decade ago. Read more on the Guardian website.