Research reveals home ownership gap between those with property owning parents
December 05, 2018 / Resolution Foundation
Young people whose parents own a property in Britain are now almost three times as likely to be homeowners by the age of 30, compared to those whose parents who are not owners, new research has found. From the middle of the 1990s to the early 2000s, homeownership rates for 30-year-olds with parental property wealth were at 40%, twice that of young people whose parent did not own a home. However, this gap has since grown so that recent homeownership rates for 30-year-olds with parental property wealth are at 25%, almost three times that of those without parental property wealth, according to the study from the Resolution Foundation.