L&G:Unprecedented demand from homebuyers could dry up UK housing stock

L&G:Unprecedented demand from homebuyers could dry up UK housing stock

Legal & General Mortgage Club has raised concerns about the widening gap between supply and demand after the lockdown period.

One in four people (25%) plan to buy a home in 2020, with a further 28% saying they are considering a property purchase this year.
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Source:Property Wire


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Housing affordability in the UK is a significant concern, and analysing how long it would take to buy a home in different regions based on average salaries provides a clear picture of the financial challenges many face.

It’s no secret that the younger generation in Attleborough is finding it tough to get onto the property ladder. With the rising cost of living, stagnating wages, and stricter mortgage criteria, it's no surprise that fewer under-34s are becoming homeowners.