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Older homeowners would accept flat house prices to help younger generation

Most home-owners over 55 would be willing to accept either no growth in the value of their homes or even a fall in value if it would help younger generations get onto the housing ladder, according to research by the National Housing Federation.

Some 62% of the 2,044 people surveyed by the NHF expressed this view, while 10% even said they would be okay with a 10% decline in the value of their properties.

The public is no longer obsessed with perpetual house-price growth, NHF chief executive David Orr said. The vast majority would accept a less buoyant market if it meant an easier life for the next generation.

Click here for the full Times article (£)

Click here for the full Independent article

 

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