Last week we broached the subject of home ownership and how it’s falling right across the UK. To reveal how much is it dropping by and for how long it’s been dropping, the Survey of English Housing by the Department of Communities and Local Government has taken place and their results are astounding.
According to their research, home-ownership was falling as far back as 2005 and they believe that the housing market is likely to see less home-owners and more tenants This is worrying seeing as there are a decreasing amount of rental properties on the market. To ease the pressure on the market and supply enough homes to meet demand, the charity Shelter say 242,000 homes will need to be built in 2010, around 100,000 more than the yearly average for the last decade.
