Generation Rent

January 10th, 2017

The proportion of 25-year-olds who own their own home has fallen from 46 per cent to 25 per cent in the past 20 years, says the Telegraph, citing research by estate agency Savills. But it is not just the young – the overall proportion of home owners has fallen from 72.9 per cent from its peak in 2004 to 64.1 per cent today. Rents are now much higher than mortgage payments, partly the result of an 88 per cent fall in the amount of social housing being built today compared with 20 years ago.