Hoping for a home of your own? Think again ...

A report by KPMG and Shelter predicts that the proportion of young adults living with their parents will be over 50% within a generation due to the housing shortage, and that home ownership will be determined by inheritance, rather than hard work and saving. They say that 100,000 fewer homes are built each year than are needed. Marianne Fallon, head of corporate affairs for KPMG, said, “For many people, particularly those in their twenties, the aspiration of owning a home is fast becoming a fairy tale. We also know, as an employer of 12,000 people, that an unstable housing market affects our ability to attract and retain talent”.