Home ownership struggle hits Coronation Street

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Housing

  Plummeting home ownership across Manchester and other major northern cities shows housing no longer just a London problem English home ownership has fallen to levels last seen in 1986, with Greater Manchester, South and West Yorkshire and the West Midlands Metropolitan area experiencing double digit falls since their early 2000s peak, according to new … Continued

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Millennials have paid £44,000 more rent than the baby boomers by the time they hit 30

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Housing

Delivering the Prime Minister’s pledge to deal with ‘housing deficit’ is central to boosting younger generations’ living standards The combination of falling home ownership and rising costs in the private rented sector mean that today’s millennial generation will have spent £44,000 more on rent by the time they reach 30 compared to the baby boomers, … Continued

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Rising housing costs since the 1990s equivalent to 10p increase in basic rate of tax for a typical family

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Housing

Post-crash fall in housing costs softened living standards squeeze but recent increases risks holding back the recovery The rising share of income spent on housing over the last two decades is equivalent to a 10p increase in the basic rate of tax for a typical family, according to new Resolution Foundation analysis published today (Tuesday). … Continued

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Number of families in private rented sector has increased by almost a million in last decade

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Housing

  The long-established decline in homeownership rates in England appeared to pause last year. However rates again fell among families with children, continuing a longer-term shift into the private rented sector, the Resolution Foundation said today (Thursday) in response to the 2014/15 English Housing Survey. The survey showed a welcome pause in the long-term decline … Continued

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