Homeowners decline and private renters shoot up despite house prices fall | English Housing Survey | Mail Online
The property slump and recession has taken its toll on our love affair with home ownership, with the number of owner-occupied homes falling four per cent in five years.
Official figures show that home ownership has continued to slip, having peaked in 2005 after climbing steadily for 25 years.
In 2005, 14.8million houses in the UK (71 per cent) were owner-occupied. But, in the latest data released today from the Department for Communities and Local Government in its English Housing Survey, 14.5million (67 per cent) were owner-occupied last year.
Tough mortgage availability and lenders' demands for big deposits are putting home ownership out of reach for many, despite Land Registry figures showing the average house price dipping by 12%, or £21,000, since hitting a peak of £183,000 in November 2007.
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