Thu, 12 Apr 07
Young adults are living with their parents for longer as house prices soar, reports the BBC...
First-time buyers faced a 204% hike in average house prices over the decade to 2005, a new report has shown.
Over the same period, first-time buyers' average incomes rose by just 92%, according to the Office for National Statistics Social Trends report.
This prevented increasing numbers of people from taking their first step on to the property ladder. Last year, around six in 10 men and four in 10 women aged 20 to 24 in
New homes decreasing in size
Meanwhile, the average price of houses in the
In the decade to 2005, the average price paid by
Its report also points out that new homes in the
Two-bedroom properties have replaced four-bedroom homes as the most common type of new build.
Demand for smaller houses is linked to the increasing number of people who live alone.
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