This has been the decade when, for the first time ever, home ownership has
declined: owner-occupiers now represent 68.3 per cent of all households in
England, against 70.9 per cent in 2003. Yet the Noughties have seen vast
price growth, despite the housing slump precipitated by the sub-prime crisis
of 2007. Land Registry figures show that the average house price in England
and Wales rose 132 per cent between January 2000 and November 2007
(£79,356-£183,971) , before dropping 17 per cent to £152,767 over the 15
months to April 2009. Since April, however, the average price has crept back
up to £159,546, a rise of 4 per cent.
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