Tuesday, 14 October 2014

Buyers Take Dim View of Two-Tier Housing Market

The lack of affordable housing in the UK has resulted in people taking a dim-view of their prospects of getting onto the property ladder. A survey of 2,000 UK adults who are looking to buy a home found that:
- 26% feel that ‘the UK is becoming a two-tier society of property haves and have nots’
- 23% said ‘I expect I will only be able to buy a home if I buy with someone else’
- Though 18% say that the government is responsible for the shortage of affordable homes, 14% think that buy-to-let landlords are to blame
- 17% don’t think that they will ever own their own home
- 12% said that ‘it angers me that I can’t afford to buy a house in the neighbourhood where I grew up’
- 10% think that the only way they’ll end up owning a property is if they’re left one in a will

Read more on the Financial Reporter website.

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