Jul
27

Homeownership decline in young adults


The institute for Fiscal Studies have listed some key findings of up-to-date analysis of falls in homeownership, highlighting that homeownership rates have fallen for 25-34-year-olds from 55% in 1996 to 34% in 2016. The image below shows just how much house prices have increased in comparison to income in the last 20 years. There has been a whopping 152% increase for the average house price with a slightly humbler increase of 22% for the average family income.

You can read more here.