Labour Manifesto: Young Homeowners

16 May 2017

“Fewer young people [are] able to buy their first home.”

  • The number of young households owning their home has fallen, according to the English Housing Survey.
  • Home ownership in England has been falling compared to private and social renting as a percentage of all tenures since 2003. This has been driven by a fall in the number of younger homeowners.
  • The number of owner-occupiers under 65 fell by 962,000 between 2009/10 and 2015/16, predominantly among those aged 35-44. In the same period, the number of homeowners aged over 65 grew by 767,000.
  • This data tells us about the age of current homeowners, not the age of first-time buyers. The average age of a first-time buyer is about 32, as it was in 2009/10 (again, this is from the English Housing Survey).

the_number_of_homeowners.png

Related topics

Homes Economy, Business & Finance

Full Fact fights bad information

Bad information ruins lives. It promotes hate, damages people’s health, and hurts democracy. You deserve better.

Subscribe to weekly email newsletters from Full Fact for updates on politics, immigration, health and more. Our fact checks are free to read but not to produce, so you will also get occasional emails about fundraising and other ways you can help. You can unsubscribe at any time. For more information about how we use your data see our Privacy Policy.