Property News · February 25, 2015

Outright owners of homes outstrip mortgage holders for first time since 80s


English Housing Survey figures reveal plight of a ‘priced-out’ generationThe number of householders who own their homes outright outstripped the number of people buying with mortgages for the first time in more than three decades in 2013-14, according to official data.Housing groups warned of a “priced-out generation”, as the English Housing Survey showed the homeownership levels had fallen to a 29-year low and the proportion of 25-34 year olds who were owner occupiers had dropped from 59% to 36% over the past 10 years. Continue reading…

Source : theguardian.com
Read more…Outright owners of homes outstrip mortgage holders for first time since 80s

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