Following on from the comments on UK Bank Stats from the BBA, and the report from TheCityUK, here's a few more statistics focused upon home ownership.
Just a century ago, nine out of ten homes were rented in the UK compared to only one in three today.
Since 1976, owner-occupier households have risen from 55% of all households to 66% today. Meanwhile, local authority housing provided by government councils has gone down from a third of all housing to just 1 in 20 today.
Thank you Margaret Thatcher!
Equally, I wonder what this picture will look like in two or three years, as the credit crisis and house price slump looks likely to continue in the UK.
Either way, this still does not make the UK the largest home owning nation of Europe. That award goes to Hungary and Romani.
Hmmm ... is that why Romania’s Gypsies are so well known?
Charts sourced from TheCity UK report
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
