Property News · November 17, 2015

Generation rent: only 26% of young adults will be on housing ladder by 2025


Sky-high prices and rising interest rates threaten to lock 20- to 39-year-olds out of property ownership, PwC saysAlmost 60% of 20- to 39-year-olds in England will rent their homes by 2025, while just 26% will have got on the housing ladder, research shows.“Generation rent” will find it increasingly difficult to buy and are likely to be older than previous generations before they can afford their own home, according to the report by PwC, which builds on analysis of the housing market published in the summer. High prices and deposits as well as rising interest rates will put young adults at risk of being locked out of property ownership. Continue reading…

Source : theguardian.com
Read more…Generation rent: only 26% of young adults will be on housing ladder by 2025

You may also like...