14/07/2012

Daily Mail: "A third of first-time buyers are 35 or over, compared to one in ten a decade ago"

Link to Daily Mail

"... The huge increase highlights the struggle young people face, as they try to get a foothold on the housing ladder."

"... Research from the Council of Mortgage Lenders showed the number of first-time buyers under 30 who need help from their parents to purchase a property is also soaring.
"Last year around 80 per cent had ‘financial assistance’ – typically from the so-called ‘Bank of Mum and Dad’ – compared with 35 per cent in 2005."

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