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