This statistic illustrates the home ownership rate among the total population of the United Kingdom (UK) between 2007 and 2018. During that timeframe, the home ownership rate oscillated between approximately 63 to 73 percent of the total population.

About 36 percent of homeowners in England were aged 65 and above, which contrasts sharply with younger age groups, particularly those under 35. Young adults between 25 and 35, made up 15 percent of homeowners and had a dramatically lower homeownership rate. The disparity highlights the growing challenges faced by younger generations in entering the property market, a trend that has significant implications for wealth distribution and social mobility. Barriers to homeownership for young adults The path to homeownership has become increasingly difficult for young adults in the UK. A 2023 survey revealed that mortgage affordability was the greatest obstacle to property purchase. This represents a 39 percent increase from 2021, reflecting the impact of rising house prices and mortgage rates. Despite these challenges, one in three young adults still aspire to get on the property ladder as soon as possible, though many have put their plans on hold. The need for additional financial support from family, friends, and lenders has become more prevalent, with one in five young adults acknowledging this necessity. Regional disparities and housing supply The housing market in England faces regional challenges, with North West England and the West Midlands experiencing the largest mismatch between housing supply and demand in 2023. This imbalance is evident in the discrepancy between new homes added to the housing stock and the number of new households formed. London, despite showing signs of housing shortage, has seen the largest difference between homes built and households formed. The construction of new homes has been volatile, with a significant drop in 2020, a rebound in 2021 and a gradual decline until 2024.

Home Ownership Rate in the United Kingdom decreased to 64.50 percent in 2023 from 64.70 percent in 2022. This dataset provides the latest reported value for - United Kingdom Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The distribution of all owner-occupier households in England in 2024 varied per age group, as well as the type of home financing. The older the age group, the larger the share of owner-occupier homeowners who purchased their home outright. A share of 2.1 percent of own outright homeowners were between the ages of 25 to 34, whereas a share of 62.1 percent of own outright homeowners were aged 65 and over. Although this is the case, the largest share of homeowners who purchased their house with a mortgage was in the age range of 35 to 44 years old.

In 2024, approximately ** percent of all housing in England was owner-occupied. This share declined notably since the early 2000's, as house prices gradually grew and affordability declined. In 2021, mortgage interest rates soared, leading to even lower homebuyer sentiment.

The number of mortgage possessions spiked in the first quarter of 2023, followed by ***** quarters of decline. Possession actions occur when a borrower fails to repay their loan on time and the lender takes possession of the property. In the fourth quarter of 2023, there were *** possessions of properties occupied by homeowners and *** possessions of buy-to-let properties.

This statistic illustrates numbers and percentages of home owner occupiers, who purchased a housing unit in London in 2013, characterised by the type of purchase: directly on the market or on the market delivered as affordable. Only approximately ***** owner occupier buyers purchased their homes on the market delivered as affordable in 2013, which constituted **** percent of the sample of owner occupiers purchasing property in London.

This statistic shows the top connected technologies that homeowners think they will be likely to purchase in the near future in the United Kingdom (UK) as of 2015. Homeowners were least interested in buying smart home hubs, with a total of 19 percent of respondents. On the other hand, a total 51 percent of homeowners said they were likely to buy fiber-optic broadband in the near future.

The most popular do-it-yourself (DIY) home improvement upgrade in the last three years in the United Kingdom (UK) is the installation of a new bathroom. The installation of a new kitchen and a new central heating boiler both come at a close second in terms of popular homeowner home improvements, with ** percent of homeowners completing projects in these categories.

The United Kingdom Home Insurance Market is Segmented by Coverage (Building, Content, Combined Building and Content), Customer Type (Homeowner, Tenants and More), Property Type (Detached, Semi-Detached, Terraced, Flat and Apartments), Distribution Channel (Direct, Bancassurance, Brokers, Aggregators and More), and Region (England, Scotland, Wales, Norther Ireland). The Market Forecasts are Provided in Terms of Value (USD)

This dataset provides values for HOME OWNERSHIP RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

UK Residential Real Estate Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.

The UK residential real estate market is driven by robust demand for housing, especially in major cities like London, Manchester, and Birmingham. The UK government’s housing strategy aims to deliver 300,000 new homes annually to meet demand, which continues to outpace supply. With an increasing population and changing demographics, including more people opting for homeownership, demand for residential properties remains high. The need for family homes and affordable housing continues to drive growth in both urban and suburban markets.

Moreover, government initiatives such as the Help to Buy scheme and Stamp Duty cuts have played a significant role in encouraging first-time buyers to enter the residential market. Recent changes to Stamp Duty, which saw exemptions for homes below a certain price threshold, have increased affordability for many buyers. The government’s First Homes Scheme offers new properties at a discounted rate for first-time buyers, making homeownership more accessible. According to the UK Ministry of Housing, Communities, and Local Government, the scheme has helped thousands of young buyers get onto the property ladder.

The majority of young adults in the UK were still committed to buying a property in 2023, with ************ wanting to get on the property ladder as soon as possible. Nevertheless, ** percent of respondents shared that their home buying plans were on hold, while ** percent admitted that they need more monetary support from family, friends, and lenders. Since the beginning of the coronavirus pandemic, house prices have soared, markedly outpacing income growth. Furthermore, interest rates have doubled since 2021, resulting in a substantial increase in the cost of buying a home.

Explore the historical Whois records related to homeowners-testing.co.uk (Domain). Get insights into ownership history and changes over time.