The trapped generation: 360,000 young buyers stuck with starter homes bought at property peak - with NO chance of moving up

Around 360,000 young people are ‘trapped’ in homes they bought when property prices peaked four years ago, an alarming report has warned.

Over the last four years, they have seen an average of £11,000 wiped off the value of the home, amid fears that house prices will continue to fall. 

The report, from the banking giant HSBC, warns young people face ‘a near impossible’ task to move from their first home on to the second rung of the property ladder.    Full Read