Average home could hit £1 million by 2032
The average house in the UK could cost more than £1 million by 2032, Liberal Democrat researchers claim.
By projecting house price trends culled from Office for National Statistics figures, they conclude that the value of the average home will hit £650,000 in ten years' time.
Over the next 16 years, they say, it will more than triple from the present £290,000 to £1.017 million.
Needless to say, incomes aren't forecast to rise at anything approaching the same rate.
The party is backing a debate today calling for action from the government.
"A child born on the day of the debate faces the prospect of paying at least a million for a home to call their own," party leader Tim Farron tells the Daily Telegraph.
"Relying on the Bank of Mum and Dad isn't an option for everyone and ...