So, has Thatcher’s dream been smashed?
Of course, nationally, home ownership is at the lowest level in many decades due to several factors, including the late 1980s and 2008 housing crash, negative equity, the credit crunch and increased mortgage regulation.
Yet, at the same time, as every single local authority in Britain has seen an increase in the number and proportion of private renters over the past 20 years, the entrepreneurial property-owning spirit has moved into the ownership of private buy-to-let property. The market has undoubtedly filled the housing gap that the councils and local authorities left in the 1980s.
These are interesting times, and I shall share more insights in the coming weeks and months.
Let me know your thoughts on the information above and as always, feel free to connect with me if you have any questions!