Saturday, March 3, 2007
many parents would solve the problem by “downsizing
First time buyers forced to stay at parental home as numbers reach lowest figure since records began
One in four parents with young families expects their children to be in their 30s before they can afford to buy their own home, says a survey. They fear rising house prices will leave their children unable to get a foot on the property ladder any earlier. With the average house price topping £200,000, one in seven parents with a child under ten are so concerned about the situation that they have started a "home fund" to help their offspring later in life.