What was the home ownership rate in the UK by 1991?

In 1991, the home ownership rate in the UK was indeed approximately 68%. This figure reflects significant changes in the housing market during the preceding decades, particularly influenced by government policies encouraging home ownership, such as the Right to Buy scheme initiated in the 1980s. By 1991, the trend towards increased home ownership was evident, as more individuals opted to purchase homes rather than renting, driven by factors such as lower interest rates and increased access to mortgage financing. The 68% figure highlights a key moment in UK housing history, marking the peak of home ownership prior to fluctuations seen in subsequent years. Understanding this statistic provides insight into the socio-economic landscape of the UK during this period and the shifting attitudes towards home ownership.