Home ownership in Britain is falling

Eurostat, the EU’s official statistics office has recently reported that Britain now has one of the lowest rates of home ownership within the EU.  In 2013 the figure was 64.6% which is down from a figure of 70% in 2005.  Only France, Denmark, Austria, Germany and Switzerland were lower while eastern European countries had the highest rates with the top being Romania at 95.6%.

In a separate report the Department of Communities and Local Government state that between 2000 and 2012 2.5m new homes had been bought by Landlords with only 400,000 being bought by owner occupiers.