Ap­petite for home own­er­ship is strong

Yorkshire Post - Property - - PROPERTY -

ALL age groups con­tinue to show a strong pref­er­ence for home­own­er­ship in the longer term, ac­cord­ing to re­search for the Coun­cil of Mort­gage Lenders, but there has been an ap­pre­cia­ble drop amongst younger peo­ple over the past few years.

When asked whether they ex­pect to be in a po­si­tion to buy a new home within the next two to three years, a lit­tle over a third of the 44 per cent who would like to move think that it is likely that they will do so.

A spokesman for the CML says: “Home-own­er­ship clearly re­mains a very strong as­pi­ra­tion among the Bri­tish. The re­cent re­duc­tion in ap­petite is al­most cer­tainly tied to the eco­nomic and fi­nan­cial dif­fi­cul­ties that the UK and many other coun­tries are ex­pe­ri­enc­ing.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.