This blog is designed to keep you up-to-date with Careers Education, Information and Guidance (CEIAG) available locally, nationally and through the school. I’ll be posting information about employment and training opportunities available locally as well as details of open days and useful websites. The world of education, employment and training opportunities is changing rapidly so keep checking in for the latest information.

Mr Cross

Sunday, 4 December 2016

"Generation Rent"

A study, led by Pete Redfern, chief executive of the house-builders Taylor Wimpey, has said that 62% of people living in rented accommodation cannot see themselves buying a property in the next 5 years. The proportion of property owning households has fallen to a 30 year low of 62%, whilst the average age of a first time buyer has risen to 34 in London, and 30 elsewhere. Earlier this year a survey by the charity, The Equity Trust, found that 86% of renters (around six million households) do not have the minimum £8,838 needed for a 5% deposit on the average UK home. Experts say that around 250,000 new homes need to be built every year to meet demand, but in 2013/14 only 125,000 were built.  [source GTAssociates]

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