Since 2001, home ownership overall has fallen by seven per cent, while the proportion of homes owned with a mortgage has dropped by 15 per cent.
The historic shift reflects the growing trend in young people and families who are unable to get a foot on the property ladder.
Rising numbers are being pushed into the country’s rapidly expanding private rental market. The proportion of homes rented privately has rocketed by 69 per cent since 2001.
If current trends continue, the next generation will be bringing up their families in insecure rented housing or at home with their parents. A recent YouGov poll for Shelter revealed that 44 per cent of Britons believe their children or future children won’t be able to afford a decent home.
Shelter’s chief executive, Campbell Robb, said: ‘These figures confirm that home ownership is slipping further and further out of reach, no matter how hard people work or save.
‘This means young people are living a