Abstract

PurposeAgainst the backdrop of the changing trends in tenure in the UK housing system, young adults are faced with different situations that continue to shape their housing consumption and decisions. The purpose of this paper is to investigate the relationships amongst young adults’ housing tenure, social capital and elements of perceived job security in Britain. Socio-psychological dimension of housing tenure decisions has been receiving attention by housing market analysts and practitioners seeking deeper understandings of the UK housing market dynamics, particularly in the wake of changing tastes and preferences of young people concerning housing decisions across major cities of the world.Design/methodology/approachA quantitative approach has been applied to the harmonised version of the British Household Panel Survey (BHPS) from 2001 to 2015.FindingsThe authors discovered that British young adults’ homeownership decisions are increasingly influenced by social capital and elements of perceived job insecurity, depending on their tenure of origin. Furthermore, this study will significantly enhance the understanding of tenure shifts amongst young adults in the UK and provide property developers, local authorities and central governments the knowledge and information to guide economic policies, urban renewal towards achieving better social cohesion and sustainable communities.Originality/valueVery little has been done to investigate the contributions of social capital formation, for example, neighbourhood or social integration and social relations and elements of perceived job security on housing tenure transitions among British young adults. This study will further provide property developers, local authorities and central governments the knowledge and information to guide economic policies, urban renewal towards achieving better social cohesion and sustainable communities.

Highlights

  • Introduction t ke arHousing has continued to be a top subject among policymakers around the world

  • We investigate the influence of social capital and perceptions of job insecurity on housing tenure and especially homeownership transitions

  • The investigation builds on the sa growing literature on socio-psychological drivers of housing tenure transitions, by exploring possible additional factors empirically

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Summary

Introduction

Introduction t ke arHousing has continued to be a top subject among policymakers around the world. Sa housing tenure decisions (i.e. decisions to buy or rent) have been key to understanding the market demand drivers. Well-established drivers of tenure transitions have been integral to explaining tenure ion decisions (See (Andrew and Meen, 2003; Di Salvo and Ermisch, 1997). Literature has attributed these trends mainly to demographic, economic, and affordability conditions. It is no question as to how affordability is considered as a major housing issue in the UK and t ke major cities around the world. They depict a picture of changes in the overall economy and the effect of the changes in the housing sector

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