Analysis predicts slump in numbers of young homeowners

Reports that the proportion of young people who own their own home will slump to a quarter in ten years feature in today's newspaper round-up.

The Times (subscription required) reports that the proportion of young people who own their own home will slump to a quarter in ten years as soaring house prices and a lack of stock prevent would-be buyers from taking their first steps on to the property ladder. According to the newspaper, research by PwC predicts that only 26 per cent of 20 to 39-year-olds in England will live in a home they own by 2025, down from 38 per cent in 2013.

The Times (subscription required) also reports that Taylor Wimpey has become the "latest housebuilder to enjoy the benefits of the chronic lack of homes coming to the market and soaring demand thanks to rock-bottom mortgage rates and the government’s Help to Buy scheme". According to the newspaper, shares in the housebuilder rose by 7p to nearly 181p "after it reported that the country’s housing market had ‘continued to be very positive’."

In the Guardian, Patrick Barkham walks the route of the High Speed 2 rail link. "I expected to find opposition as I explored how HS2 will change the middle of England but, as I walked on, I was surprised by the depth of the disconnect from Westminster thinking," Barkham writes. "To many residents, HS2 has come to symbolise a country run against the interests of the many and in the interests of the few."

In the Times (subscription required), Jonathan Morrison writes that halls of residence "made up half the shortlist for this year’s bad architecture awards", asking "why are students being routinely failed?" He writes: "Universities need to incorporate into their policies the idea that they are custodians of historic sites and they need to build sympathetically. Too often they forget the importance of our shared architectural heritage."


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