Monday 28 November 2011

Generation game: Homeowners are stuck in starter homes as their parents hog the housing stock | Mail Online

Generation game: Homeowners are stuck in starter homes as their parents hog the housing stock | Mail Online

Increasing numbers of homeowners are trapped in their first homes priced out of moving up the property ladder, research shows.

According to a report published by HSBC, as many as 360,000 buyers who bought their first homes in 2007 could be stuck in them for years to come.

This is due to the fact their properties have either not appreciated in value in the last four years or they are worth less than they paid for them.
For some, not being to trade up is having serious implications on what kind — and what size — of family they can have.

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