UK Millennials Face a Long Climb Onto the Housing Ladder

Millennials in the UK still have far lower odds of owning a home than previous generations; decades of house price growth outpacing incomes and a long-term housing shortfall driven by high construction costs, planning barriers, and labor shortages have kept deposits high and rents consuming a large share of income. While recent price growth has slowed and some lenders are offering larger loans with smaller deposits, meaningful relief requires years of higher housing supply and planning reforms.