70% of White British households owned their own homes – the highest percentage out of all ethnic groups.

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.

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.

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.

This statistic displays the share of adults in the Untied Kingdom (UK) that outright own their home in 2020, by age group. There is a clear correlation between age and home ownership with ** percent of those between 65 and 74 years owning their dwelling outright. Among adults aged between 18 and 24 only *** percent own their home outright. A similar trend is observed when it comes to home ownership by age group.

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.

In the 2 years to March 2023, an average of 14% of households in England lived in homes that lacked modern facilities or were in a state of disrepair.

The number of dwellings by dwelling occupancy, shared dwellings, accommodation type, tenure, central heating type and number of bedrooms. Data are available at country, region, local authority, Middle layer Super Output Area and Lower layer Super Output Area in England and Wales, where possible.

Retirement homes have faced a challenging period. They depend on self-funders or local council funding that covers the retirement needs of people who satisfy financial assessment means tests. Tightening government budgets have meant publicly funded fees have failed to cover providers’ operating costs in recent years, forcing retirement homes to cross-subsidise local authority beds with fees from self-funded residents. Revenue is anticipated to inch down at a compound annual rate of 0.2% over the five years through 2024-25 to £10.3 billion, but it’s set rise by 1.1% in 2024-25. Much of this is down to care homes fees mounting to cover costs and being paid for by self-funders, who are seeing their disposable income levels tick upwards in 2024-25. Although the ageing population supports revenue, constrained government spending, delayed reform changes and rising costs (particularly for labour) have put pressure on profit. Demand for beds far outstrips the supply, which is driving investment into the industry. The COVID-19 pandemic caused revenue to decline significantly in 2020-21, but the successful roll-out of vaccinations significantly reduced the death rate in care homes. This, combined with mounting demand from residents who had delayed joining a retirement home during the lockdowns, contributed to strong growth in revenue in 2021-22. Care homes fees then edged up in the three years through 2024-25 to cope with enhanced staffing costs, mounting mortgage payments and heightened energy costs – these were all the result of high inflation. This has been to the dismay of many retirees whose purse strings have tightened thanks to the cost-of-living crisis, making hit harder for them to afford to move into retirement homes. Higher fees have therefore dampened some of demand for beds, but they’ve also increased the overall takings of care homes. Retirement home revenue is expected to climb at a compound annual rate of 1.9% over the five years through 2029-30 to £11.3 billion, driven by an ageing population. By 2036, the number of people aged 85 and over will hit 2.6 million, representing 3.5% of the UK population, according to the Office for National Statistics. However, medical advances will make an older population healthier, allowing people to live independently for longer, dampening growth.

In the 2 years to March 2023, the average age of first-time buyers was 32 years old.

Financial cost was the major obstacle preventing homeowners in the United Kingdom (UK) from improving the energy sustainability of their primary property, a survey conducted in the second quarter of 2023 found. About ** percent of the ***** homeowners surveyed were not planning to renovate their home in the next 10 years. The majority of them, about ** percent, cited the costs as the main reason. Additionally, ** percent feared the disruption that the renovation works would cause.

The largest share of homeowners with a mortgage in England in 2024 were couples with dependent child(ren), with a share of ** percent. With a share of ** percent, about three times as many homeowners with a mortgage were couples with no dependent children when compared to couples with independent children at that time. The largest group of people in England buying a house with mortgage in 2023 were 45 to 54 years old.

Number of Businesses statistics on the Retirement Homes industry in the UK

Care Homes provide a residential setting for people that require 24 hour care. The majority of Care Homes provide services for older people, but some offer services to Children and those with Mental or Sensory Impairments.

All Care Homes in the UK are registered, inspected and listed by the relevant authority, which in England and Wales is currently the Care Quality Commission (CQC) There are two main categories of care home; those which provide only personal care and those which also provide nursing care. In addition, some Care Homes provide specialist care, eg for Dementia or Terminal Illness

Care Homes are often run by groups. In these instances we provide the group name and details and record a link from each home to its parent organisation, but we list each home as separate entities due to each having their own considerations/services.

Type of ownership:

The database details the type of ownership of the Homes

Private Homes run by individuals, partnerships and public and private limited companies.

Voluntary Homes that are run by Charities such as The Leonard Cheshire Foundation or Mencap.

Public Homes that are run by Local Authorities and NHS Trusts

Number of beds:

We list the number of Beds for each organisation. The average size of home is approximately 20 beds, whilst only 10% have more than 50 beds. There are almost 3,000 homes with five or fewer beds. These usually provide very specific types of care, including provision for Care in the Community and, if privately owned, should not normally be regarded as commercial undertakings.