England: home ownership at the lowest level in last 30 years

Housing crisis grows. According to data released by the Resolution Foundation think tank, there was a drop in the number of homeowners in England, recording the worst figure in the last thirty years.

The percentage of households that own a home, including those with a mortgage, reached its peak in 2003, to 71%, to collapse this year at 64%, a figure not seen since 1986.

There are several factors that, according to experts, have produced what has become a real "crisis", such as defining the national average.

First of all, growing cost of property, with exorbitant prices not only in the capital London, but also in cities such as Manchester (where the decline in home ownership has been the heaviest) and other locations in northern England. But also the shortage of housing has contributed to this phenomenon, which affects especially the younger ones, incapable with their salaries are too low compared to the cost of ownership to afford a deposit and buy your first home.

Stephen Clarke, policy analyst at the Resolution Foundation, said: "London has a well-known and fully blown housing crisis but the struggle to buy a home is just as big a problem in cities across the north of England."

Premier Theresa May warned in the last week about the question and that it was dealt with “young people will find it even harder to afford their own home. The divide between those who inherit wealth and those who don’t will become more pronounced. And more and more of the country’s money will go into expensive housing.”