Something significant has happened to the way people in their late 40s and early 50s live in Britain. Back in 2002, over 4 in 5 (80.6%) of 45 to 54 year olds were owner occupiers. By 2025, that had fallen to 65.7%.

 

At the same time, the proportion privately renting has more than tripled, rising from just 5.4% to 17.9%. Social renting has moved far less dramatically, increasing from 14.0% to 16.4%.That matters because this is not a story about people just starting out. These are households in an age group traditionally associated with established careers, growing equity and long-term home ownership.

It raises some interesting questions about affordability, later-life mortgages, relationship breakdown, lifestyle choices and how the housing market itself has changed over the last two decades. And that is where the national statistics become much more interesting locally.

 

In the coming weeks I will talk about the age and tenure profiles of all the age ranges in Attleborough & what might it tell us about the people who will be buying, selling and renting homes here over the next few years.

 

Are you in your late 40’s or early 50s?  Why do you think things have changed?

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Curious about the value of your own home? 

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