Sussex Property Market View

Think tank proposes giving all 25-year-olds £10k to get on the property ladder

A think tank has proposed giving all 25-year-olds born in Britain a “citizen’s inheritance” of £10,000 that could be spent on rent or a home purchase.
 
The suggestion, from the Resolution Foundation, forms part of a number of measures to address “inter-generational unfairness”.
 
The Resolution Foundation’s Intergenerational Commission – set up to look at issues affecting younger generations such as saving for their retirement and getting on the property ladder – suggests that from 2030, citizen’s inheritances of £10,000 should be available from the age of 25 to all British nationals or people born in Britain as restricted-use cash grants.
 
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Neil Moore of GL and Co.

With these updates, I follow the property market across Sussex and pass all our knowledge and findings on to you, the buyers, sellers, tenants and landlords of Sussex.

If you are thinking of buying a property for rental and would like to discuss this or if you see a property for sale and would like an opinion on the rental return and investment potential, email me at neilmoore@glproperty.co.uk or call me on 01903 742354.

Neil Moore