Property News · January 22, 2015

Collapse in number of young homeowners revealed


First-time buyers peaked in the mid-80s when one in three 16- to 24-year-olds could afford a homeThe collapse in homeownership by individuals and families under 30 years old over the past decade is laid bare in an official analysis of the housing market in Britain since 1980.The report, by the Office for National Statistics, reveals that as recently as 1991, around 65% of 25- to 34-year-olds in England had bought their own home. But by 2012 that figure had since declined to under 45%, while among 35- to 44-year-olds it was also down sharply, from almost 80% to around 65%. Continue reading…

Source : theguardian.com
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