If you're interested in property, buying a home or have children I found this article while doing some research and believe this will be really useful to read. The article discusses the rise in parents supporting their children moving out as first time buyers and also looks at inheritance tax. In my opinion, this figure will increase over the next 10 years as more and more young adults struggle to keep up with the discrepancy between rising house prices and rising wages. It is also important to notice that London has the highest percentage. As a general rule of thumb, property trends tend to follow that of London and therefore I would expect the rest of the UK to follow suit. Another important question to consider, how will this affect the retirement ages of parents and the lifestyle they will lead once retired? Feel free to drop me a message to discuss further.
