Young people looking to buy put pressure on property prices

Young people no longer content to rent are putting upward pressure on property prices, a study by the Economic and Social Research Institute has found.

Since the property crash in 2007, falling rents had seen young people establishing independent households at an earlier age than before. The ESRI also found women tended to leave the parental home earlier than men.

However, with house prices rising again, more young people, particularly those aged between 25 and 35, want to buy a home.