23 Jan

Home ownership among young people rises after decade of decline

Help-to-buy scheme has helped 25- to 34-year-olds get on property ladder, say analystsThe proportion of 25- to 34-year-olds who own their own home in England has increased for the first time in over a decade, according to official figures.The latest English Housing Survey found that 41% of people in the age bracket live in a home they own, with the same proportion living in private rented accommodation. This is the reversal of the trend seen in the decade after 2003-04, during which the number of young owner occupiers fell from 59% to 36%. Continue reading…

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