Second-stepping in nowadays’s market can be almost as difficult as getting on the property ladder in the first situation. Three leading property analysts,alongside Barclays’ head of purchase, mortgages, and Tony Fullbrook,share their thoughts on how to avoid pitfalls and beget the fair decisionAccording to an Office of National Statistics report, nowadays’s 20- to 34-year-olds are more likely to be sharing a domestic with their parents than at any point this century. In 2000, and 2.4 million lived with their parents. The latest figure from 2015 stands at 3.3 million.
It is not an altogether surprising statistic. Higher prices,caused in part by Britain’s housing stock shortage, have led to many younger people identifying with the term “generation rent”.
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Source: guardian.co.uk