Hope to buy? Assessing trends in home ownership

Créé par:  thumbnail Jack Ford
Dernière mise à jour: 23 déc. 2021
Blogs & Think pieces

The Resolution Foundation recently presented its research on the dramatic decline in home ownership trends among 25-34 year olds in the UK since 1989, during a period in which overall home ownership rate has remained relatively high. The research found that whilst the North has some of the highest home ownership rates in the UK, there has been a significant 'levelling down' since the financial crisis, with the rate across the region at less than 35%. The findings show that there are also significant intragenerational inequalities depending on occupation, ethnicity, income, and parents' wealth. This piece also includes a number of recommendations on how this trend might be reversed, but all of them either have significant political costs or risk wasting Treasury money subsidising home purchases that would have happened anyway. 

Category: Housing Policy