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Residential property: Housing the “rentysomethings”

Posted on 22 June 2012

Two-thirds of families in England own the homes they live in, more than in France or Germany, say. But the pattern is changing fast. Home ownership rates began falling a decade ago, as prices went up more rapidly than earnings, foreigners flooded in and young people found it harder to get stable work.
Then came the financial crisis, and banks stopped dishing out mortgages to passers-by. Today 83% of parents with children aged 20 to 45 own their own home but only 44% of their offspring do, a survey by the National Centre for Social Research found………………………………………..Full Article: Source


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