“You have to save, and that’s the way it always used to be,” REALLY!

The Times 06/01/2024

Sir Howard Davies: Not that difficult to buy a home, says NatWest chair

The Zoopla data suggests rent on new lets was 9.7% higher in October compared with a year earlier, averaging £1,201 a month.... the average cost of a new let going up by 31%, or £3,360 a year, over the last three years,

The average price of a UK property is currently £287,105, according to the latest figures from Halifax,

 The average age of a first-time buyer has risen to 32.

Mr Twomey, of Generation Rent, said the cost of rent was making it "incredibly hard" for people to buy a home, with tenants handing "a third of our wages every month over to our landlord".

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Torsten Bell Chief Exec of the Resolution Foundation

That has obvious consequences for child bearing.

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