By Aimee Stevens
Research produced by the Institute for Fiscal Studies has shown that house prices in England have risen by over 173% in the last two decades. With that comes the frightening statistic that 40% of young adults (those aged between 25 – 34) cannot afford to buy the cheapest homes in their area.
The research, cited in an article by the BBC, offers other worrying statistics – such as only 35% of 25-34 year olds own a house. This statistic is only made worse when you consider that this figure is down from 55% in 1998.
