"Housing crisis means half of London's 'generation rent' have given up all hope of buying property"

Link to Evening Standard

"More than half of 'generation rent' have given up all hope of ever buying a home in London, an alarming new survey reveals today.

"Housing charities said the findings show how the homes crisis is “crushing aspiration” by pricing young Londoners off the property ladder for good. They come the day after Chancellor George Osborne unveiled a raft of emergency Budget measures to help first-time buyers, including state guarantees of up to £130 billion of mortgages.

"The research by campaigning group Shelter found that 55 per cent of private renters do not believe they will ever own the roof over their heads because of soaring property prices and the challenge of raising vast deposits."