Home ownership more unaffordable for young people

The Independent's Phil Thornton warns that the property market boom will hit young people the hardest. As Nationwide data reveals the strongest rise in residential property values for 17 years, Mr Tornton believes that "home ownership will simply become yet more unaffordable for young people, and for key workers who were already priced out of many areas before COVID-19." He adds that "this will exacerbate the intergenerational wealth gap and favour those who rely on the 'bank of Mum and Dad'."

The Independent (05/07/2021)