Fewer people own their homes
HOME ownership has declined to 64 per cent in England and Wales, with numbers of private tenants sharply up, according to Office for National Statistics figures.
Working to the results of the 2011 census, the ONS says that 14.9m households owned their own homes last year, a decrease of 4 per cent since 2001. In London, home ownership has fallen to the extent that in inner London, only just over one-third of homes are owned.
The fall in home ownership across England and Wales is entirely due to the decline in the number of households buying using mortgages. The population in March 2011 was 56.1m, a 7 per cent increase equating to 3.7m people, from 2011.