Steep increase in housing prices ahead of elections

Student_houses,_Headingley_Mount,_Headingley,_Leeds_(30th_December_2014)A new study has found that one in six people aged 25 to 34 need help from a relative to put down a deposit on a property.

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Many parents are concerned that their children will never become home owners without appropriate financial support.

Due to a lack of properties on the market ahead of the general election, housing prices have seen increases of up to £5000 – reaching an all-time high.

In the case of a Labour win in the elections, the possibility of a mansion tax would arise, leading to fewer people placing their property on the market.

More to follow.

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