According to the latest analysis from IFS: ‘In 1995–96, 65% of those aged 25–34 with incomes in the middle 20% for their age owned their own home. Twenty years later, that figure was just 27%.’ The research covers the last 20 years and considers national and regional levels of ownership and the relationship between trends in house prices, wages and ownership.
Search the IFS website for other economic reports on this.
The Office for National Statistics collects official data on this. One of the most useful sources is the English Housing Survey which has data on rents and types of housing. It also has sections on costs and affordability. Some key results are expressed visually on the ONS website. See this graph which records that in 2011 the number of owner-occupied homes fell for the first time in the century.
Other recent analysis includes:
- the Resolution Foundation’s Home ownership in the UK
- Affordability for first time buyers has been considered by Halifax building society which regularly produces data on number of agreed mortgages
- The Council of Mortgage Lenders has also reported on and regularly analyses the affordability of homes in the UK
- For a different perspective see the Shelter policy library which considers UK government housing policy