Inequalities in access to home ownership and their institutional determinants :a comparative study of France and the United Kingdom, 1980-2005
Strong inequalities – by age, generation, household’s social category – exist in opportunities to become a homeowner. Though these disparities are partially tied to divergent individual aspirations, they are also governed by nation-specific institutional factors such as housing policy, real estate lending system, and welfare state model in effect. In France, where the incentive measures taken to promote home ownership are weak, those measures have had no major effect either on age or social inequalities. This is in direct contrast to the United Kingdom, whose « everyone a homeowner » policy has enabled even the poorest households to improve their chances of acceding to home ownership, in exchange for increased risk of insolvency during severe real estate crises.