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7th March 2014
Half of all Britons could be living in rented accommodation in a generation unless urgent action is taken to tackle the housing crisis, according to a report from lobby group Million Homes, Million Lives.
The report finds that owner-occupiers make up 65% of householders, down from a peak of 71% ten years ago. However, on current trends just 55% of people were likely to own their homes by 2033, falling to 49% by 2041. Report author Natalie Elphicke comments: “We need a creative and imaginative new approach to bring big new players into housing finance and unlock their wealth in a way that will be good for people seeking a home of their own, and for investors looking for good long-term return”.
Source: The Times (03/03/14)
