Only a quarter of young people will own a home in 2025
Only 26% of 20 to 39-year-olds in England will live in a home they own by 2025, down from 38% in 2013, according to research by PwC. A supply shortage and soaring house prices will drive the decrease in ownership for so-called Generation Rent, while the over 55’s are expected to be insulated from the changes, with 75% expected to own their home in 2025, unchanged from present levels. The proportion of young people who rent a property is set to rise from 45% to 59% over the same period.
Courtesy of The Times
