Home ownership for young families has halved in West Yorkshire, Greater Manchester and Outer London since the 1990s

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Housing

Getting on the housing ladder is a thing of the past for many young families across the country, with home ownership halving among this group between 1994 and 2016 in areas such as West Yorkshire, Greater Manchester and Outer London, new analysis by the Resolution Foundation has found. The new research counters the popular perception … Continued

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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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