{"id":3442,"date":"2018-02-16T14:07:36","date_gmt":"2018-02-16T14:07:36","guid":{"rendered":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/?p=3442"},"modified":"2024-11-26T17:49:10","modified_gmt":"2024-11-26T17:49:10","slug":"young-people-are-less-likely-to-own-their-own-home","status":"publish","type":"post","link":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/2018\/02\/16\/young-people-are-less-likely-to-own-their-own-home\/","title":{"rendered":"Young people are less likely to own their own home"},"content":{"rendered":"<p>According to the <a href=\"https:\/\/www.ifs.org.uk\/publications\/10505\">latest\u00a0analysis from IFS:<\/a> \u2018In 1995\u201396, 65% of those aged 25\u201334 with incomes in the middle 20% for their age owned their own home.\u00a0 Twenty years later, that figure was just 27%.\u2019 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.<\/p>\n<p>Search the IFS <a href=\"https:\/\/www.ifs.org.uk\/publications\/?sorting=newest&amp;q=&amp;partial_results=1&amp;year_published%5bstart%5d=&amp;year_published%5bend%5d=&amp;author=&amp;page=1&amp;\">website for other economic reports on this.<\/a><\/p>\n<p>The <a href=\"https:\/\/www.ons.gov.uk\/peoplepopulationandcommunity\/housing\">Office for National Statistics<\/a> collects official data on this. One of the most useful sources is the <a href=\"https:\/\/www.gov.uk\/government\/statistics\/english-housing-survey-2016-to-2017-headline-report\">English Housing Survey<\/a> which has data on rents and types of housing. It <a href=\"https:\/\/www.gov.uk\/government\/statistics\/english-housing-survey-2015-to-2016-housing-costs-and-affordability\">also has sections on costs<\/a> and <a href=\"https:\/\/www.ons.gov.uk\/peoplepopulationandcommunity\/housing\/bulletins\/housingaffordabilityinenglandandwales\/1997to2016\">affordability.<\/a>\u00a0 Some key results are expressed visually on the ONS website.\u00a0 See this graph which records that in 2011 the number of <a href=\"https:\/\/visual.ons.gov.uk\/housing-census\/\">owner-occupied homes fell for the first time in the century.<\/a><\/p>\n<p>Other recent analysis includes:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.resolutionfoundation.org\/data\/housing\/\">the Resolution Foundation&#8217;s<\/a>\u00a0<em>Home\u00a0ownership\u00a0in\u00a0the\u00a0UK<\/em><\/li>\n<li>Affordability for first time buyers has been considered by <a href=\"https:\/\/static.halifax.co.uk\/assets\/pdf\/mortgages\/pdf\/halifax-first-time%20buyer%20review-13-january-2017-housing-release.pdf\">Halifax building society<\/a> which regularly produces data on number of agreed mortgages<\/li>\n<li>The <a href=\"https:\/\/www.cml.org.uk\/news\/cml-research\/home-ownership-or-bust-consumer-research-into\/\">Council of Mortgage Lenders<\/a> has also reported on and regularly analyses the affordability of homes in the UK<\/li>\n<li>For a different perspective see the <a href=\"http:\/\/england.shelter.org.uk\/professional_resources\/policy_and_research\/policy_library\/policy_library_folder\/shelter_briefing_the_availability_and_affordability_of_housing\">Shelter policy library<\/a> which considers UK government housing policy<\/li>\n<\/ul>\n<p><a href=\"http:\/\/ec.europa.eu\/eurostat\/statistics-explained\/index.php\/Housing_statistics\">Eurostat<\/a> allows cross comparison of housing trends and ownership across different EU nations. <a href=\"http:\/\/ec.europa.eu\/eurostat\/statistics-explained\/index.php\/People_in_the_EU_%E2%80%93_statistics_on_housing_conditions#Home_ownership\">See the section on home ownership and tenure.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the latest\u00a0analysis from IFS: \u2018In 1995\u201396, 65% of those aged 25\u201334 with incomes in the middle 20% for their age owned their own home.\u00a0 Twenty years later, that figure was just 27%.\u2019 The research covers the last 20 years and considers national and regional levels of ownership and the relationship between trends in [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[50,218,450,451,93],"class_list":["post-3442","post","type-post","status-publish","format-standard","hentry","category-economics","tag-european-union","tag-housing","tag-ownership","tag-rents","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts\/3442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/users\/89"}],"replies":[{"embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/comments?post=3442"}],"version-history":[{"count":4,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts\/3442\/revisions"}],"predecessor-version":[{"id":3447,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts\/3442\/revisions\/3447"}],"wp:attachment":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/media?parent=3442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/categories?post=3442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/tags?post=3442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}