Almost 60% of 20- to 39-year-olds in England will rent
their homes by 2025, while just 26% will have got on the housing ladder,
research shows. “Generation rent” will find it increasingly difficult to buy
and are likely to be older than previous generations before they can afford
their own home, according to a report by PwC. High prices and deposits as well
as rising interest rates will put young adults at risk of being locked out of
property ownership. The biggest shift in tenures is expected to be among 25- to
34-year-olds, with two-thirds of households living in private rented
accommodation by 2025, compared with 48% in 2013. A third of those aged between
35 and 44 will be renting in a decade’s time, compared with 24% in 2013, and
among 45- to 54-year olds the figure will have risen from 15% to 21%. Read more
on the PwC website.
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