Prospects for first-time buyers
The Daily Mail reveals “What the English Housing Survey for 2017 to 2018 reveals about the prospects for first-time buyers”. “Owning a home remains an unattainable dream for many, with nearly two-thirds of first-time buyers falling into the top two national wealth brackets, according to the English Housing Survey for 2017 to 2018. This meant they had a household income of at least £29,800 after housing costs.
Two thirds bought their first homes with savings, one tenth used an inheritance, and 39% relied on family and friends. Many used a combination of sources." Read all here.