Wednesday, 6 May 2015

Incoming MPs Fear Young Will Rent For Life

Just before the General Election, a new poll of future MPs has revealed that nine in 10 (89%) are worried that most under-30s in their constituency will not be able to afford to buy a home in a decade’s time. This echoes young people’s concerns that they will be renting for life. The ComRes poll of sitting MPs and parliamentary candidates most likely to win their seats also found that almost seven in 10 (68%) future MPs would like the leader of their own party to do more to tackle the county’s housing challenges. Renting for life is an increasingly realistic prospect for many young people as the average deposit required soars to almost 10 times the deposit required in the 1980s (adjusted for inflation). Over the last two decades, the private rented sector has almost doubled; one in five households (18%) is rented from a private landlord. Read more on the NHF website.

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