Article preview: Getting a foot on the property ladder has become a huge challenge for young people. A combination of soaring property prices and a rising cost of living has put home ownership out of reach for many. Unless, of course, you’ve got wealthy parents who can lend a hand. New research from the Resolution Foundation has found that young people whose parents have property wealth are now almost three times as likely to be homeowners by age 30, compared to those whose parents have no property wealth.
So that’s the secret for getting onto the property ladder
This 602 word blog post shares findings from a new report by the Resolution Foundation, showing the impact of parental property wealth on home ownership prospects for young people. Includes an expert comment from Stephen Clarke, Senior Economic Analyst at the Resolution Foundation. Written on 4th December 2018.
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