New research by PwC shows that just 26% of 20 to 39 year-olds in England will be renting their homes by 2025, and almost 60% will be on the housing ladder. PwC also remarked that the prospect of even higher prices and deposit rates, along with rising interest rates, could put young adults further at risk of being locked out of property ownership. In conclusion of the report, PwC said that decades of house price growth which has outstripped wage rises is fundamentally changing the way people live in regard to property, suggesting that demand and supply factors in the rental market will have to coalesce around making rental homes for families more accommodating, and with longer rental terms. Under 55's, meanwhile, are seen to benefit from the ongoing trends, as the value of their homes rise and rise due to the increasing demand and restricted supply.
New research by PwC shows that almost 60% of 20 to 39 year-olds in England will be renting their homes by 2025, and just 26% will be on the housing ladder. PwC also remarked that the prospect of even higher prices and deposit rates, along with rising interest rates, could put young adults further at risk of being locked out of property ownership. In conclusion of the report, PwC said that decades of house price growth which has outstripped wage rises is fundamentally changing the way people live in regard to property, suggesting that demand and supply factors in the rental market will have to coalesce around making rental homes for families more accommodating, and with longer rental terms. Under 55's, meanwhile, are seen to benefit from the ongoing trends, as the value of their homes rise and rise due to the increasing demand and restricted supply.