Property News · July 22, 2013

House prices and rent in England to surge by 2020, warns report


Housing federation says 3.7m young people will be forced to live with parents as housebuilding and wages lag behindHouse prices in England will soar by 42% by 2020 and rents will rise by even more, according to a report from the National Housing Federation which warns of the “colossal strain” facing the generation born in the 1990s.Many will remain trapped in their parents’ homes as property prices continue to outstrip earnings, warns the NHF. It forecasts that 3.7 million young people will be living with their parents by 2020, as the rate of housebuilding fails to keep up with the rising population. Continue reading…

Source : theguardian.com
Read more…House prices and rent in England to surge by 2020, warns report