Stockport Property News

Changing level of homeownership among young adults

TomS - Head Tom Simper Sep 5, 2023, 12:30 PM

Well under half of today’s young adults own their own home (41% of those aged 25–34). Although this has not changed much in the last decade, it was very different for their parents’ generation.

30 years ago, two thirds (66%) of 25 to 34-year-olds had bought their own home. The steep decline in owner occupation between 1991 and 2011/2012 accounts for the steep increase in the size of the private rented sector.

With a general election on the horizon, it seems likely that all parties will court the young adult vote with policies to ease that first step onto the housing ladder. Source: #Dataloft, English Housing Survey, data for 2021/2022

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

Join our Newsletter

About The Blog

This Blog looks at what is happening in Stockport, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area. 

"Abbey was very nice and explanatory in all she was saying and Gill is quick to respond"

- Tope

"We’ve got nothing but good things to say about the team at Peter Anthony Liverpool"

- Jack

"It has always been prompt action on any issue raised and the feedback has been positive."

- Oketokun

"As a tenant, this might be the best agency I've worked with so far."

- Jeddy

"I would like to thank Abbey for all her help and support she offered"

- Marie

"Abbey Bird at Peter Antony Estate agents has been and still is amazing"

- Sky

"They are truly the best"

- Paulina

"Abbey was a fantastic help"

- Olivia