20-year decline in UK first-time homeownership among young people, BSA calls for government review and housing market changes.
The Building Societies Association (BSA) report highlights the struggles faced by first-time buyers in the UK, with many relying on parental help or having two above-average incomes to afford a home. Home ownership among younger people has declined over the last 20 years, with house price growth exceeding income growth. The BSA calls for a government review of the first-time buyer market and for changes to the housing market to make homeownership more accessible.
April 22, 2024
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