The number of people owning their own homes fell in 2006 and it is the first time since before the second world war that the number of homeowners has declined.Figures in the Survey of English Housing by the Department for Communities and Local Government have revealed that rising house prices are pricing first-time buyers out of the market. Instead, there is an increasing number of properties being bought specifically to be rented out to people who can not get onto the property ladder with 2.5million people now living in private rented accomodation, the highest figure since Labour came to power in 1997.
See the Daily Mail's article at: http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=444799&in_page_id=1770
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