Wales is still a nation of homeowners, even more so than England, according to the census. The explanation, as a nation we’re a lot older than England and have made those life long purchases in better economic times.
For those that like the facts in Wales 879,000(67%) of the population own their home as opposed to 14.0 million (63%) in England.
Short term contracts, low wages and high levels of youth unemployment make getting a mortgage particularly difficult.
Traditionally, such groups would look for a council house. But now that’s no longer an option.
So where are today’s generation finding homes? Well, in the private sector. This sector has grown five percentage points. Now 165,000(13%) homes are rented from private landlords.
You don't have to be Mystic Meg to predict that next year will see homelessness on the increase as benefit cuts bite. If rents are unpaid, eviction follow. Result, homelessness.
A bleak new year beckons many.