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UK Property Market Hardest for First Time Buyers
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
UK Property Market Hardest for First Time Buyers
First time buyers in the UK are facing some of the most difficult market conditions in Europe, according to new research.
Almost nine out of ten (89%) surveyed in a poll said it was getting harder for first time buyers to afford a home, making those in the UK the second most negative about getting on the property ladder, with those in Luxembourg the most downbeat.
The ING International study questioned almost 15,000 people in 15 countries.
The research also found that house prices in the UK increased by 8% between 2014-15 – eight times the European average.
