Time is ticking for young lawyers to get on the property ladder
A recent report published by the Resolution Foundation contains some tough reading for millennials.
Today’s 30-year olds are only half as likely to own their home as their parents at the same age.
Four out of every ten 30-year olds now live in private rented accommodation in contrast to one in ten 50 years ago.
The report also suggests there may be a window of opportunity to get a foot on the property ladder and that closes when people hit their early 40’s.
The good news is that young lawyers are bucking the trend when it comes to home ownership, with rates rising sharply as legal experience is acquired.
Are you keeping up with your colleagues in the legal sector?
Find out when young lawyers are taking the plunge and opting to buy