More under-40s to face London property ownership impossibilities

The number of Londoners under the age of 40 setting up their own home in the capital is to fall significantly over the next 15 years, the Office for National Statistics has warned. While boroughs including Barking, Bexley and Havering, will buck the trend by showing projected increases, most will show a decline, including Hounslow, Harrow, Lambeth, Camden and Haringey. Joanna Harkrader of the ONS said changes in “living arrangements” meant the number of younger households would fall by 7%, from 1,051,800 in 2016 to 974,100 in 2041.

Source:   Evening Standard (09/10/2018)