This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-35603893

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
English home ownership rises for the first time in a decade English home ownership 'no longer falling'
(21 days later)
The number of people owning their own home in England has risen for the first time in 10 years, according to government figures. A decline in the number of people owning their own home in England appears to have levelled off, according to government figures.
The 2014/15 English Housing Survey shows that 5,000 more people were home owners than in the previous year. The 2014-15 English Housing Survey says that, after falling for 10 years, the figure has steadied at about 63% of all households.
While the increase - to 14.3m - is tiny, it is the first time since 2005 that the number has actually risen. The figures suggest there was a tiny rise, but it is too small to draw any firm conclusions.
The proportion of home owners rose from 63.3% to 63.6% of the total, the first rise since 2002. The number of home owners now stands at 14.3m, more than half of those having no mortgage.
"The proportion of all households in owner occupation increased steadily from the 1980s to 2003 when it reached a peak of 71%," says the report.
"Since then, there has been a gradual decline in owner occupation. However, the recent decline seems to have abated."
By contrast the number of people renting privately fell to 4.3m, the first fall in 17 years.By contrast the number of people renting privately fell to 4.3m, the first fall in 17 years.
However experts said not too much should be read in to one year's figures. However, experts said not too much should be read into one year's figures.
"The short term trends shown in the latest English Housing Survey need to be treated with caution, given the reported fall in private renting in 2014-15 follows a particularly large increase in the preceding year," said Lucian Cook, head of Savills UK residential research."The short term trends shown in the latest English Housing Survey need to be treated with caution, given the reported fall in private renting in 2014-15 follows a particularly large increase in the preceding year," said Lucian Cook, head of Savills UK residential research.
"Behind the short term volatility, levels of private renting among under 35s are still up by over 1 million in the past decade." "Behind the short-term volatility, levels of private renting among under 35s are still up by over 1 million in the past decade."
Correction 8 March 2016: This report has been amended to clarify that, while the survey did indicate a small rise in owner occupation, it was not statistically significant enough to draw any firm conclusions.