Ma­jor­ity want to own a home

Yorkshire Post - Property - - PROPERTY -

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.”

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