Report predicts house price rises of 5% a year and shortage of affordable homes,as cost of deposit locks people out of property market House price rises of 5% a year and a shortage of affordable homes are set to swell the ranks of “generation rent” over the next decade, so that by 2025 more than half of those under 40 will be living in properties owned by private landlords.
A report from economists at accountancy firm PwC suggests the number of modern homebuyers is set to drop over the next 10 years, or as the high cost of raising a deposit locks large segments of society out of the housing market. Continue reading...
Source: theguardian.com