After a three-decade long hiatus during which it became even harder for young families to purchase their own property, official statistics from the Resolution Foundation thinktank have shown that ownership rates amongst this group are now on the rise.  

2018 has been a year of ups and downs in the property market, with the overriding factor being the imminent break from Europe. As we move in to 2019 and March 29^th (the official date of Brexit), there remains a certain level of uncertainty in the market, however this should be tempered with cautious optimism when looking at the gains that property could make in the post-Brexit period. 

Despite plenty of challenges, a report for lender ‘The Halifax’ points out that 2018 growth has been within its initial growth forecast for the year and goes on to predict broad stability for house prices in 2019. However, unsurprisingly, it stipulates that this will be dependent on the outcome of Brexit in March.

With the wealth of options out there to help people onto the property market, it is no surprise that the number of first-time buyers has steadily been increasing, with numbers currently at an 11-year high. However, outside of the government’s Help to Buy scheme, it seems that young people do not understand their other purchasing options – chiefly that of shared ownership.