Posted on 30 April 2014 by Curtis Jessop, Senior Researcher
Our latest research shows that Britain’s drive to become a ‘nation of homeowners’ may be fading. From Thatcher’s Right-to-Buy scheme to George Osborne’s Help-to-Buy and mortgage credit expansion, homeownership was a rhetorical device now firmly embedded as a national value, but one showing signs of decline. In our analysis of a survey of over 8,000 20-45-year-olds and 1,000 parents of 20-45-year-olds, exploring “Generation Rent”, we found that younger generations are significantly less likely to want to own a home than their predecessors.
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