The housing prospects for young people in the U.K. were completely changed by the global financial crisis of 2007–09. While the government largely succeeded in rescuing the banks and the housing market, it created an environment where house prices remained high and mortgages were only available to those who could afford hefty deposits. As a result, many young people who might have got a foot on the property ladder were forced to keep renting.
Click here for original story, The rise of corporate landlords: How they are swallowing city centers one block of flats at a time
Source: Phys.org