Housing market ‘most unequal in a decade’ as first time buyers priced out

Sky News published this video item, entitled “Housing market ‘most unequal in a decade’ as first time buyers priced out” – below is their description.

Despite entering into the deepest recession in history, the housing market continues to boom. But experts say strong sales are masking the worst inequality in the market seen in a decade, with banks refusing to lend to those with smaller deposits and first time buyers increasingly priced out. At the same time, many properties are being snapped up by wealthy buyers buoyed on by the Chancellor’s cut in stamp duty.

Sky News YouTube Channel

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About This Source - Sky News

Sky News is a British free-to-air television news channel and organisation. Sky News is distributed via a radio news service, and through online channels. It is owned by Sky Group, a division of Comcast. John Ryley is the head of Sky News, a role he has held since June 2006.

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