David Orr, Chief Executive of the NHF said that fewer first-time buyers in the future could slow down the wider housing market and make it harder for 'second steppers' to move up the ladder.
"With the high salary, and huge deposit younger generations now need to buy even a modest home, home ownership is quickly becoming an exclusive members club. Sadly, it will depend on the wealth of the family you were born into as much as your own hard work,” he said.
“With a bold long term government plan for house building, our housing crisis is solvable. We desperately need politicians from all sides to commit to ending the housing crisis within a generation,” he concluded
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