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Are home purchases easing for millennials
Millennials face difficulties in buying homes due to high property prices outpacing incomes and limited housing supply, with only about a 25% chance of homeownership for those born in the mid-1990s. Factors such as rising construction costs, land prices, and planning regulations have slowed new housing development, while deposit savings remain challenging for young buyers. Recent signs of slower property price growth and more favorable mortgage conditions could improve access, but increasing housing supply remains essential for easier homeownership.
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