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.

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.

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.

In 2024, approximately 65 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 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.

Median price paid for residential property in England and Wales, by property type and administrative geographies. Quarterly rolling annual data. Formerly HPSSA dataset 9

Number of residential property sales in England and Wales, by property type and administrative geographies. Quarterly rolling annual data. Formerly HPSSA dataset 6.

Energy efficiency in England and Wales at the country and subnational level and for five-year groups. These are broken down by property type, tenure, and property age.

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 76 percent of those between 65 and 74 years owning their dwelling outright. Among adults aged between 18 and 24 only one percent own their home outright. A similar trend is observed when it comes to home ownership by age group.

The number of dwellings in the UK, and dwelling stock data by tenure for the UK’s constituent countries, where available.

Mean price paid for residential property in England and Wales, by property type and electoral ward. Annual data.

Quarterly and historical data on UK households by housing tenure and combined economic activity status of household members.

Following large transfers of Social Housing stock from the Public Sector over the past twenty years, Housing Associations are now the major provider of social housing in the UK. The largest own thousands of houses but at the other end of the scale are very small organisations such as ancient Almshouse Charities, each owning a cottage or two and overseen by a part time Chairman or a Secretary.

The legal status and ownership of Housing Associations and Trusts is often complex. In some instances, a single management team may manage two or more Housing Associations which are distinct legal entities, for example one Charitable and one non-Charitable.

Housing Associations vary in the scope of their operations. The largest may cater for all types of tenants requiring public housing, whilst many of the smaller ones may cater for specific groups, for example, elderly residents of a certain parish or retired miners. The YMCAs and Foyers provide housing accommodation for single young people whilst the Abbeyfield Societies are voluntary bodies providing sheltered accommodation or nursing homes for the elderly.

How the data is organised:

Parent/Subsidiary Organisations - Housing Associations are regularly merging and renaming themselves. They are often managed in complex groups, with parent and subsidiaries organisations, some sharing their corporate management. Where there is a shared management team across a group, we list these contacts at the group organisation and not against each subsidiary, in order to avoid duplication.

Principal Contact - One person at each Association is identified as the "Chief Officer". In larger organisations this will normally be the Chief Executive or Director. In smaller Associations, it may be the Secretary or occasionally the Chairman, as requested by each organisation.

Job Functions - In addition to the Chief Officers we list a large number of other management posts. Due to the variety of job titles among Associations, we categorise by job function to identify responsibilities.

Units Owned/Managed - As well as recording the organisational structures, we also record the number of "units" each organisation owns/manages. "Units" can be anything from a detached house to a flat or a room or bed space in a nursing home or hostel.

Starts and completions of new build dwellings in the UK, on a quarterly and annual basis, time series data

Median price paid for residential property in England and Wales, for all property types by lower layer super output area. Annual data..