Squeezing us dry so the market is ripe for asset snatching...
Parents accounted for 72% of family members contributing to first-time buyer deposits in the year through July, according to analysis from Hamptons International using Skipton Building Society data.
That is down from 74% last year, and 80% in 2018, as new homebuyers increasingly call on siblings (suggesting the banks of mum and dad are running dry) to help them pull together a deposit.
Who is buying up house atm? The banks.
via https://archive.ph/2023.08.28-003435/https://www.bloomberg.com/news/articles/2023-08-27/uk-s-bank-of-mum-and-dad-runs-dry-as-homebuyers-turn-to-siblings
@TheStarkNakedBrief
Parents accounted for 72% of family members contributing to first-time buyer deposits in the year through July, according to analysis from Hamptons International using Skipton Building Society data.
That is down from 74% last year, and 80% in 2018, as new homebuyers increasingly call on siblings (suggesting the banks of mum and dad are running dry) to help them pull together a deposit.
Who is buying up house atm? The banks.
via https://archive.ph/2023.08.28-003435/https://www.bloomberg.com/news/articles/2023-08-27/uk-s-bank-of-mum-and-dad-runs-dry-as-homebuyers-turn-to-siblings
@TheStarkNakedBrief
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