UK sees fastest fall in home ownership than any other EU country

THE UK has seen the fastest fall in home ownership since the financial crash than any other European country.

Strict lending practices and runaway house prices have blocked young buyers from getting onto the property ladder.

Figures from Eurostat show that the amount of Brits who are homeowners has fallen by 11% in the last ten years to 63%.

It comes as Spain was revealed to have the highest level of home ownership in western Europe, at 78%.

Only 26% of Brits own their homes outright, compared with 55% in Italy and 75% in Poland.

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Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

1 Comment

Fred says:

15 Mar, 2017 @ 14:12 at 14:12

The UK is headed for a massive housing crash, much like Spain suffered, indeed many sellers are already reducing their asking prices, some by hundreds of thousands of pounds. Spain, with all of its empty properties, could do so well out of this, if only they could sort of their corruption and awful property laws. A post Brexit deal on reciprocal rights of UK and Spanish people would add a lot of weight too.

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