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
-
The top stocks in the FTSE 100After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
-
A junior ISA could turn your child’s pocket money into thousands of poundsPersuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
