There has been a reduction since last year's report in housing affordability, falling owner-occupation
rates, rising average commuter times, and minor declines in both the health and work-life balance indicators.
Almost without exception, the biggest increase in the index since our last survey is around job creation, but that seems to be coming at the price of owner-occupation
, work-life balance and travel-to-work times.
New building in this period depended overwhelmingly on two tenures, owner-occupation
and council housing.
The report continues: "The failure of incomes in Denbighshire to recover to pre-2007 levels has worsened the affordability crisis in the owner-occupation
and the private rented sector.
Mr Keighley said traditional first-time buyer properties up to about PS80,000 were being snapped up for buy-to-let rather than owner-occupation
Now, with rents starting to show greater stability, households have a window of opportunity to consolidate their finances and make that leap to owner-occupation
By comparison, the levels of owner-occupation
in the neighbouring countries of the UAE (75 per cent), Qatar (80 per cent), Bahrain (82 per cent) and Oman (83 per cent) are much higher, the report noted.
Mr Matthews said the Government needed to do more to support PRS investment and questioned its focus on owner-occupation
, as outlined in the Government's new housing strategy.
Rather, the rise of Buy-to-Let led to a shift of existing housing stock out of owner-occupation
and into investors' portfolios.
Capital value declines due to oversupply are stymieing the amount of potential purchasers into the market and while it now makes sense for companies to consider owner-occupation
, liquidity constraints are preventing this being witnessed on a large scale," Hashmi said.
However, this strong and diversified mortgage system was also criticized on the grounds that the policy of tax deduction of mortgage interest rates could not lead affordable access to owner-occupation
rather than that the result in the housing market was increase in house price inflation (Grius, 2008) (34).
The proportion of households in owner-occupation
has been in decline since 2003, falling from 70.