Shropshire Star

Your say: Can you afford to get on the property ladder?

Is the British love affair with home ownership cooling? With many young people downbeat about their prospects of ever getting on the property ladder, we want to hear about your experiences.

Published

A report due out tomorrow is expected to reveal that almost one in five people aged 23 to 27 have no desire to own their own home and almost half of people agree that Britain will become a nation of renters within the next generation.

  • Are you trapped in a situation where you can only rent property? Do you want to own your own home at all?

  • What effect might a drop-off in first-time buyers, seen as the "life blood" of the rest of the housing market, have?

  • And once on the property ladder, can you afford to stay on it?

  • Have your say in the comments box below.

Earlier this week, the Office for National Statistics (ONS) released figures showing that someone trying to get on the property ladder faces paying 10.5% more for a home than they would have done a year ago, with the typical price paid by first-time buyers reaching £192,000 in February.

The ONS figures have fuelled concerns about "runaway train" house prices, with property values across the UK having leapt by 9.1% over the last year to reach a new average high of £253,000.

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