Housing market to become 'preserve of the rich' as home ownership predicted to slump to 63%

A generation could be shut out of the ‘dysfunctional’ housing market over the next decade because of higher prices and miserly mortgage-lending, a report warns.

Home ownership in England will fall to 63.8 per cent in 2021, according to the National Housing Federation – the lowest level since the mid-Eighties.

The grim forecast predicts that many will be unable to get on the property ladder because rising rents make it even harder to save for the large deposits banks now demand.

Click here to read the whole story Housing market to become 'preserve of the rich' as home ownership predicted to slump to 63%