Purpose The purpose of this paper is to investigate the contributions of path-dependency and some contextual social capital drivers to housing tenure transitions in Britain. Different situations have continued to shape young adults’ housing tenure decisions. However, very little research has been done to investigate the impact of some social capital drivers, such as neighbourhood integration and strength of parental intimacy, on housing tenure decisions in Britain. Design/methodology/approach This paper is carried out by tracking a sample of young adults in the British Household Panel Survey from 1991 to 2015 until they make tenure transition. Multinomial fixed-effects logistic regression of time to tenure transition was useful for the models, incorporating established economic and demographic drivers and with the inclusion of contextual social capital variables. Findings The inclusion of the number of years of parental home ownership experience tends to improve on previous path-dependency indicators of tenure transition. With additional years of parental home ownership experience, British young adults are more likely to remain or return to parental housing. Also, individuals that exchange better with their neighbours are less likely to switch tenure. On the other hand, regularity of contact with parents showed a positive relationship with home ownership or parental housing transitions. Originality/value To the best of the author’s knowledge, no study has explored the impact of the duration of socialisation in parental housing and also the impact of some other social capital drivers, such as neighbourhood integration and strength of parental intimacy, on housing tenure decisions among young adults. Hence, it is believed that the findings will further assist policymakers in understanding the dimensions and drivers of tenure shifts.

Purpose Against 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/approach A quantitative approach has been applied to the harmonised version of the British Household Panel Survey (BHPS) from 2001 to 2015. Findings The 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/value Very 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.

Many housing researchers and policymakers assume that homeownership remains the tenure of choice for many individuals and their households in the UK and internationally. Housing affordability concerns and access to mortgage finance have taken centre stage in the debate about the declining prospects for young adults to enter homeownership. Yet, some recent studies have questioned how well we understand other factors that combine to shape housing and tenure outcomes for young adults. We specifically ask whether different combinations of neighbourhood effects, homeownership path dependency and social capital influence tenure transitions for young adults. We provide estimates using multi-level mixed-effects logistic regression models using the British Household Panel Survey 2001-15 for Great Britain. We find evidence to support the argument that these specific effects help to shape housing and tenure outcomes for young adults, albeit with socialization within the family appearing to have a stronger effect in comparison to neighbourhood socialization.

No abstract

Overview Ø Literature review and context -Housing tenure shifts in Britain § Established drivers § Additional context: Social capital and perceived job security Ø Model and data Ø Preliminary results Ø Conclusions Literature review Ø Very little has been done to explore the contributions of sociopsychological factors to recent housing tenure shifts. Ø A lot has been done on the established drivers of tenure decisions such as: § Economic factors e.g. Affordability, labour market conditions, employment risks, housing market conditions; § Demographic factors e.g. household formation, migration, marital status, age, sex Ø Young people have continued to face different situations that shape their housing consumption and decisions. Socio-psychological dimensions are gaining grounds as important drivers of tenure decisions. § e.g. Psychological vs economic factors driving tenure choice (Ben-Shahar, 2007). § e.g. Social influence and housing decision making (Baddeley, 2011). § e.g. Effects of neighbourhood and housing tenure on individual outcomes (Manley and Van Ham, 2012). § e.g. Contributions of path-dependency and social capital to housing tenure transitions (Aguda, 2019).