Qualified advisers answering your
Financial Questions
call 0800 092 1245

Just 26% of 20-39 year olds will own a home in 2025


Only 26% of people aged 20-39 years old will have their foot on the housing ladder by 2025 according to a report from PwC.

The professional services network found that almost 60% of people in the 20-29 age bracket will be renting by 2025, and “generation rent” are now more likely to be a lot older than previous generations before they can buy their own home. This has been blamed on rising interest rates as well as high prices and deposits that face the UK’s housing market at the moment.

It is not only the younger age brackets that will be affected by the housing crisis. A third of people aged between 35 and 44 will be renting in a decade’s time, compared with 24% in 2013, and among 45- to 54-year olds the figure will have risen from 15% to 21%.

Older generations will have benefitted from the huge increases in the values of the homes they own and will mostly escape unscathed from the current trends, according to the report.

Richard Snook, senior economist at PwC believes that policies need to adapt to the changing market. He said:
“[We should be] encouraging a better quality of private rented accommodation including longer tenure periods, and more rental properties designed for families.

“Demand for housing in the UK has outstripped supply for more than two decades. Changing the outlook for generation rent will require us to build more houses than needed just to match population growth in order to make up the past shortfall between housing supply and growth in demand.”

Need financial advice?

If you have any personal finance questions related to this news article, then please contact our financial advisers. You can get in touch by asking a question online, calling us on 0800 092 1245, or by arranging a visit.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details