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Homeowners halved in number in large parts of England.

HOME ownership among young families has halved across large swathes of England in the space of a generation, according to analysis by a think-tank.

The Resolution Foundation said its findings counter "the popular perception that the struggle to get on the housing ladder is largely confined to London and the South East".

It looked at how home ownership for young families in the 25 to 34-year-old age group has changed over time - between 1994 and 2016.

In West Yorkshire, for example, 61 per cent in this age group bracket were home owners in 1994, but by 2016 this had fallen to 30 per cent - around half the levels seen in the mid-1990s.

And in Greater Manchester, home ownership levels in this age group have fallen from 59 per cent to 29 per cent over the same period, it found.

The South West of England has seen a fall from 62 per cent to 36 per cent over the period, while East Anglia has seen a fall from 61per cent to 34per cent, the research found.

Big falls were also recorded in other areas of the South East including Brighton, Southampton, Reading and Milton Keynes, with home ownership falling from 64 per cent to 34 per cent across this part of the country.

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Publication:Coventry Evening Telegraph (England)
Geographic Code:4EUUK
Date:May 22, 2017
Words:212
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