There is a direct link between homeownership and life expectancy, according to new analysis of official data.
Consumer group the HomeOwners Alliance (HOA) analysed the relationship between owning your own home and how long you live across England and found that life expectancy is better in areas with a high percentage of homeownership.
In the South West, for example, where homeownership is at its peak at 69%, life expectancy is 82.1 years. In contrast, in the North East where only 51% of people own their own home, life expectancy is 79.8 years.
The only exception is London, where homeownership stands at 47%, but life expectancy is still high at 82.3 years.
The HOA points out that the number of homeowners in the UK has dropped since 2012, when it was at its height of 69.7%. It now stands at 63.8%, according to official data from the April to June 2016 Labour Force Survey.
HOA chief executive Paula Higgins says: “Reversing the decline in homeownership should be one of the government’s highest priorities. We know that homeownership in this country has tangible benefits – including longer and happier lives. But the high costs mean it is out of reach for more and more people – widening the gap between the rich and the poor and fuelling social inequality. The UK urgently needs a functioning and stable housing market as the current housing situation is deeply unfair.”
Homeownership vs Life Expectancy map:
- Regional homeownership from 2016 Homeowner Survey conducted by YouGove. Figures have been weighted and are representative of all GB adults (aged 18+) who are online. Total England sample size 1692.
- Life expectancy data from ONS 2012-2014