Property News · April 7, 2015

Young people in UK increasingly giving up on owning a home – Halifax survey


Lower levels of home ownership could become normal despite government help to buy, according to the bank’s Generation Rent reportRocketing house prices and years without real-terms wages growth have prompted a growing number of younger people to give up the idea of ever owning their own home, according to a major report on attitudes to getting on the property ladder.The proportion of people aged between 20 and 45 putting money aside for a deposit had been steady for three years but fell last year by six percentage points to 43%, according to the Generation Rent report from the bank Halifax. Continue reading…

Source : theguardian.com
Read more…Young people in UK increasingly giving up on owning a home – Halifax survey

You may also like...