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Under 40s give up on buying homes

More than 40% of adults aged under 40 have given up on the prospect of owning their own home.

According to a study by Zoopla, non-homeowners in the same age group are now more likely to be living at home with their parents than planning to buy a property.

Some 38% of those under 40 who earn more than £60,000 can be counted amongst the “guppies” – those who have “given up on property”, as opposed to their “yuppie” (young urban professional) parents.

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