Home ownership is lowest since the 1980s

[admin]

Home ownership is lowest since the 1980s
Home ownership in England has hit its lowest level since 1988, new figures show, as young people struggle to make it onto the property ladder.

http://uk.finance.yahoo.com/news/home-o ... 10466.html

Can someone help me understand this. I know its a bit political but I am just confused.

If fewer and fewer houses are being purchased, how is it that the House prices keep going up.

A lot of people are expecting good things this year...

Mail: House asking prices up 4.1% in a month as rising seller confidence results in a strong spring bounce

An upswing in seller confidence meant the housing market saw a 'surprisingly strong' spring bounce last month, with sellers hiking asking prices by the highest monthly amount for 10 years. Last month, the average property asking price was £233,252, compared to £224,060 in January, according to figures from the Rightmove House Price Survey. This month-on-month leap is the largest price change seen in the second month of the year since 2002.
http://www.housepricecrash.co.uk/

It seems to be against all the criteria of an open market ??

[BrianaS]

Nice post.From time to time, a “rent-or-buy” comparison will come out on a business news site. Many of them are mendacious if not outright propaganda, as most leave out a lot of data and hidden costs of homeownership.

Advert for loans removed , do not do that again please.

[MrBenn]

Its at its lowest as a percentage against that point in time - which was one of the highest
Figues on their own are meaningless
Add in that there is now a section of investment ladnlords that never used to exist
Also factor in a very large population increase
Also factor in the average figures quoted include London & the south east, areas of the UK are experience little or no growth in house prices, even decreases in some places

So, the simplest explanation I can offer is that the newspapers are full of sh**