Bank chief warns housing market will delay ownership until middle age | Mail Online
Millions of young people will never be able to buy their first home, with many others having to wait until they reach the age of 44, the Bank of England said yesterday.
In a bleak speech yesterday, a leading member of the Bank said homeownership in Britain is set to fall sharply and the number of people forced to rent will rise.
David Miles said he understood ‘most people’ put ‘great value on having a home that they can reliably call home for many years’, but said many will have to bury their dream.
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