ITV exposes Britain’s property trap

11 October 2012

Couple and child outside their house

Tonight’s ITV show The Property Trap will explore the crisis in Britain’s housing market, and meet some of the millions of people trapped in their housing situation.

The programme features struggling first time buyers, homeowners in negative equity and other families unable to buy or sell their home, and asks what can be done to get the housing market moving again.

The programme’s findings support research that shows the average age of a first time buyer is now 33*.

Shelter has also found that:

  • over half of 18-34 year olds find developing and maintaining relationships difficult because they’re living at home with their parents
  • 59% of adults who don’t own their own home believe they’ll never be able to afford to buy in their local area, up from 50% three years ago.

Campbell Robb, Shelter’s Chief Executive, said: ‘This is the first generation that’s not only priced out of home ownership, but faces some of the highest rents for decades.

‘As a result, many young people are living at home into their 30s, either unable to move out or forced to move back because they can no longer afford to live on their own.

‘This is having a very real impact on young people’s lives. Unless the Government start investing in this generation’s future, having a stable and affordable home to call your own will become a thing of the past.’

The Property Trap airs tonight on ITV at 7:30pm.

Is buying a home out of reach? Our infographic shows why we need more affordable homes.

* Research by CML