Millennials are struggling to buy a home - but is it actually getting easier?
This article examines the difficulties millennials face in entering the UK housing market compared to previous generations. It highlights structural issues including a lack of new housebuilding and rising costs of construction materials.
Why it matters
Addresses a significant socio-economic crisis affecting generational wealth and housing affordability in the UK.
By Dharshini David , Deputy economics editor , Raphael Sheridan , Economics reporter and Jess Carr , Data designer Published 1 hour ago Leaving education, getting a job, buying a home and perhaps starting a family: the path previous generations followed may seem a distant dream to many now.
But is it getting a bit easier - at least when it comes to getting on the housing ladder?
Today's prospective first-time buyers may well feel hard done by; they are still worse off than recent generations.
If you were born in the UK in the mid-1990s you've about a 25% chance of owning your own home, as this chart shows.
Twenty-somethings in the 1990s were almost twice as likely to be on the housing ladder, the previous generation even more so.
But before looking at the current picture, what's behind the longer term shift?
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