Home Ownership 'At 30-Year Low In England'

The video discusses the decline in homeownership in England, highlighting a drop from 71% in 2003 to 64% currently. The issue extends beyond London to regions like Yorkshire and Manchester. Economic factors such as stagnant incomes and rising housing prices are key contributors. High rents further prevent people from saving for homes, making homeownership increasingly unattainable.

What was the percentage of households owning homes in England in 2003?

• 80%

• 64%

• 71%

• 58%

Which city experienced the sharpest decline in home ownership?

• London

• Birmingham

• Manchester

• Liverpool

What is one of the main reasons for the decline in home ownership?

• Decreasing housing prices

• Increasing incomes

• Stagnant incomes

• Government policies

How have housing prices changed in places like Manchester over the last decade?

• No change

• Steady appreciation

• Dramatic increase

• Dramatic decrease

What is a significant barrier to saving for a home according to experts?

• Low demand for housing

• Government incentives

• High rents

• Low interest rates