House prices: half of under 40s will be renting by 2025 | The Week UK
House price inflation and rising mortgage rates will make housing so unaffordable that half of all under-40s will be tenants within the next ten years, according to a report published this morning by PricewaterhouseCoopers.
It predicts that while house price growth will remain below the double-digit percentage surges witnessed in recent years, steady growth of around 5% a year will continue to outpace 3 to 4 per cent increases in wages. Combined with a likely upwards move in mortgage rates Read more [...]