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U.K. house prices are so that a third of British people will never buy their own . A new report published by the Halifax Bank said home was once an achievable for Britons but that the chances of getting on the property are falling. The report says 20% of twentysomethings have no to buy their own home. The report said: "We may be heading towards the where the [] to own a nice home will be replaced by the [desire] to live in one." It added: "It seems that people are now beginning to accept a of renting."

Britain's Office for National Statistics said U.K. house prices have risen by 10.5% in the year. It expressed at what it called "runaway train" house prices. The house was valued at $425,000 in 2013. Things are for house hunters in London. Prices in the rose by 18 per cent last year to an average of $610,000. The report warns of long-term social problems because of the between homeowners and non-homeowners. It also said if there are first-time buyers, "the market will come to a ". If this happens, will come down.