Fewer peo­ple own their homes

Yorkshire Post - Property - - PROPERTY -

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.

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