Wednesday, 23 November 2016

Most Renters Unlikely To Buy Home In Next Five Years

Almost two-thirds of renters in the UK believe they are unlikely to buy a home in the next five years, according to research for a Labour-backed inquiry into the housing crisis. The Redfern review, led by Pete Redfern, the chief executive of housebuilder Taylor Wimpey, has examined the reasons for the decline in homeownership. A poll of about 2,000 people from around the UK found 62% of those living in rented accommodation felt they were unlikely to buy in the next five years. Among the population as a whole, 49% thought more should be done to disincentivise buy-to-let, while two-thirds thought the government should do more to help first-time buyers. Eight out of 10 people believed buying a property had become more difficult over the past decade. Read more on the Guardian website.

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