New data boosts renter numbers in the UK

The ONS data, which suggested that 64% of Brits owed their own home, didn’t take into account the number of people who shared their homes, or had taken in a lodger - concentrating instead on households rather than people. The Resolution Foundation believe that there are 5.8 million families across the UK who are living in someone else’s home – the majority being children who have returned to live with their parents – and that this
significant sector should be taken into account.

Following a recalculation, taking into account these new figures, the Resolution Foundation believe the home ownership figure is more along the lines of 51% of families or individuals that own a home, instead of the 64% declared by the ONS data.