Owning a home set to become a pipe dream for young workers on modest incomes

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Housing, Wealth and Debt

Over-45s now account for three-quarters of all home owners The housing ladder is disappearing for most young working households on modest incomes. For this group home ownership is projected to be approaching just one-in-ten by 2025, according to new analysis to be published next week by the independent Resolution Foundation think tank. While the biggest … Continued

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Over 400,000 households in London spend more than half their income on housing

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Housing, Wealth and Debt

One in four private renters across the capital are ‘housing pinched’ Around 430,000 households across London – containing 990,000 people – spend more than half of their income on housing costs, according to new analysis published today (Wednesday) by the Resolution Foundation. The analysis shows that the proportion of ‘housing pinched’ households in London (those … Continued

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Building and renting to lower income families can provide attractive returns for big investors

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Housing, Wealth and Debt

A low-risk income return of 4.7 per cent should be achievable for institutional investors putting money into the private rented sector – a move which could also help solve Britain’s housing crisis for families on modest incomes – suggests an economic study published today. The report identifies a £140 million property portfolio, made up of … Continued

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Poorer families excluded from at least a third of Britain by high rents, new report reveals

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Housing, Wealth and Debt

One third of Britain is effectively off-limits to lower-income working families looking to rent a home privately because they can no longer afford a property in those parts of the country. An alarming new report from the Resolution Foundation, the first to give a comprehensive assessment of where less affluent families can reasonably afford to … Continued

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Olympic inspiration for new family housing

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Housing, Wealth and Debt

The planned conversion of the Olympic Village to 1,400 high quality long-term private rental homes should serve as an inspirational model for how to tackle the UK’s housing crisis according to new research published today by independent think tank the Resolution Foundation. The report argues that with one low to middle income family in four … Continued

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Stagnant economy will mean record numbers renting their homes

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Housing, Wealth and Debt

Just one in four households will own with a mortgage by 2025 if the economy continues to stagnate, pushing record numbers into the private rented sector, new research says today.   A new report commissioned by the Resolution Foundation and Shelter from Cambridge University looks at how the housing market will change if current economic … Continued

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