New Horizons Research Programme.Social Mobility and Homeownership: A Risk Assessment - (i) Final Report (ii) Executive Summary and (iii) Research Summary Number 5.

Published	21 February 2007
Type(s)	Research and statistics, Reports and summaries
Site	Corporate
Product code	(i) 05ASD02822/1 (ii) 05ASD02822/2 (iii) 05ASD02822/3
Price	Free

Summary

This report explores the potential risks associated with increasing homeownership above the current rate of 70%. The report uses an illustrative homeownership rate above this to explore the risks associated with increased homeownership levels.

The report estimates that to maintain the current rate of homeownership, in the face of increasing numbers of households, would require an additional 700,000 homeowners between 2005 and 2010 and that more would be required to increase the rate of homeownership beyond 70%. Government policy, as set out in the Government's response to Kate Barker's Review of Housing Supply, is focussed at increasing the number of homeowners by 1 million over the next few years.

As the Government's response to Kate Barker's Review of Housing Supply showed, in the absence of increased supply, the proportion of couples aged between 30 and 34 able to afford homeownership would decline from around 50% today to around 35% in 2026.

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