Majority want to own a home
THE Council of Mortgage Lenders say 81 per cent of British adults hope to be homeowners in ten years’ time, and 74 per cent aspire to it within two years.
Aspirations are much higher among those aged under 35, but it is far from clear how people will achieve their goal. Only a third (33 per cent) of those who hope to be homeowners in two years time actually expect it to happen.
Bob Pannell, CML chief economist, says: “The results clearly show that the British love affair with homeownership is far from over. But achieving the dream has become more difficult for people and is likely to remain so, especially for the young. We need to ensure that good quality housing is available in a variety of different tenures.”