Despite the infamous British obsession with property, we're far from being Europe's top home-owning nation. Figures from Nationwide reveal that home ownership in Britain (the percentage of owner-occupied homes as a percentage of the housing stock) lags behind the likes of Hungary, Spain, Greece and Italy. Indeed, British home ownership peaked back in 2003 at 71%, with the high cost of property one key reason for the decline.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
-
Pension withdrawals on the rise, HMRC data reveals
Pension withdrawal data has led to some raising concerns over savers ‘raiding’ their pensions unsustainably.
-
ONS: UK economy recovered from pandemic faster than previously thought
Revisions from the ONS showed the UK economy has grown since the pandemic, while the latest data showed GDP grew in the second quarter of 2023.
