Almost two thirds of young professionals are unable to buy property due to a decade of rapidly rising house prices, according to Endsleigh.
The research found that young professionals were optimistic about buying their own property, but this optimism disappears as they move into their 30s. Endsleigh’s survey of professionals aged between 23 and 35 found that just 35% of those aged under 30 owned their own property, with much of the remainder renting or living with their parents. Furthermore, among over 30s, only half own their own property, indicating that just 15% of professionals that do not own a home in their twenties actually end up acquiring property by the time they reach 35. The survey found 75% of 23 to 26 year olds...
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