Property news from the 2011 census
* 64% (14.9 million) of households owned their own home in 2011, either with a mortgage or loan, or outright
* Home ownership decreased by 4% since 2001, but more people owned their home outright, an increase of 2% from 29% (6.4 million) to 31% (7.2 million)
* People renting from a private landlord or letting agency increased by 6% from 9% (1.9 million) in 2001 to 15% (3.6 million) in 2011
So these figures show that homeownership has dropped for the first time since Census records began 60 years ago, a fall of 7% since 2001 with the proportion of homes owned with a mortgage down by 15%.
“These figures confirm that homeownership is slipping further and further out of reach, no matter how hard people work or save,” said Housing charity Shelter’s chief executive, Campbell Robb. “This means young people are living at home well into their thirties, desperate to get on in life but unable to afford a place of their own. Meanwhile, more young families are stuck in rented housing under constant threat of being evicted, worrying about whether they’ll have to move again.
“Today’s broken housing market isn’t the result of the credit crunch or mortgage lending, but decades of underinvestment in building the affordable homes we need. The government has got to get a grip on this situation now; otherwise the chances of the next generation getting an affordable home look increasingly bleak.”census, home ownership, renting
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