Monday, 22 May 2017

Over 250,000 Have Given Up On The Dream Of Homeownership

Over 250,000 non-homeowners appear to have given up on the dream of homeownership in the past year alone, according to the 2017 Homeowners Survey, an annual study into the concerns, views and issues affecting homeowners and aspiring homeowners. The study found that for the first time in five years, there has been a drop in the number of non-homeowners who aspire to own. In 2013, 65% of non-homeowners aspired to homeownership, with this number increasing every year and peaking at 73% in 2016. But this year, the numbers have fallen for the first time, back to 71%. The stats mirror the rise of the government’s flagship Help to Buy programme which is now receding with the cancellation of the mortgage guarantee part of the scheme in 2016. Read more on the Homeowners Alliance website.

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