According to new reports from Pwc that have just come out, which shows that only 26% of young adults will be on the housing ladder. They will find it increasingly harder to buy their own property and will more than likely be a lot older than previous generations in getting on the property ladder.
Across the 20-39 age groups, only 26% will own their home by 2025, down from 38% in 2013.
Renting privately is now the norm, with us noticing the number of people having to rent rather than put a deposit down for a house. The extent of the renting crisis among young people in the UK has been made clear. The rise in average deposits now far exceeds the growth in average earnings and this trend now threatens to lock young people out of the housing market because of middle to low incomes.
We take care of in excess of 650 residential properties in and around Warwickshire for locally, nationally and internationally based landlords. If you looking to rent a property in and around Warwickshire. Get in touch today to find out more on 01926 88 88 44.