Young Britons Believe Dream Of Owning Home Is Over

One of Britain’s biggest mortgage lenders has found that 70% of young people now believe that the homeownership dream is over for their generation. Having carried out the largest-ever survey of potential first-time buyers, Santander said its own figures suggest less than 25% of 18- to 34-year-olds will be in a position to buy a home by the year 2026. The bank said that while 91% of the young people interviewed still aspire to own a home, over two-thirds said it was unlikely to happen unless they received the deposit from their parents. Back in 2006, around half of those under 34 were able to get on the property ladder. Read more on the Guardian website.

https://www.theguardian.com/money/2019/jul/31/young-britons-believe-dream-of-owning-home-is-over-survey-says