Thursday, 22 December 2016

Proportion Of 25-Year-Old Homeowners Halved In 20 Years

Home ownership rates among 25-year-olds have plummeted by more than half in 20 years, council leaders have warned. New analysis for the Local Government Association reveals almost half (46 per cent) of all 25-year-olds owned their home 20 years ago. In a generational shift, only 20 per cent of 25-year-olds are on the housing ladder today. With access to housing to buy increasingly limited to future generations, the LGA insists homes for affordable or social rent are vital to help more families afford to save up for a deposit to buy a home. Read more on the LGA website.

No comments: