Rising London home prices hurting Bank of Mum & Dad
Parents helping children with real estate purchases are now putting their own finances at risk
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
London
RECORD home values in London meant Sheila Shribman had to help her three children, who work as lawyers and a doctor, with a down payment to afford their apartments.
"There is no doubt that they would not have been able to do this without our assistance," the retired doctor said. "Affordable housing is in short supply, renting is very expensive and buying is out of most young people's reach now."
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
