2nd August 2016
Greater Manchester has seen the sharpest drop in ownership over recent years with ownership plummeting 14 percentage points from its peak in the early 2000s.
Fewer than six in ten households living in the region own their own home today – a similar level to the London suburbs says the Resolution Foundation.
Double digit falls in home ownership have also been experienced in South and West Yorkshire, driven by Sheffield and Leeds, and the West Midlands Metropolitan Area.
Data from the Labour Force Survey suggests that the downward drift has continued into 2016. As a result, English home ownership now sits at just 63.8 per cent – taking us back to levels last seen in 1986.
The full picture is outlined by Stephen Clarke, a policy analyst on the Resolution Foundation website.