Over 53% of potential house buyers between the ages of 25-34 don't think they will ever be able to afford to buy a house. Half of the would be buyers aged 25-34 believe they will never be able to afford a deposit unless their circumstances change. This would include receiving a bonus from work or a lump sum from parents.
London house buyers face the toughest task of gathering a deposit due to the cost of the properties. Family members across the survey are being relied upon to support their offspring and meet the funding gap.
It's definitely looking like I'll be that age by the time I'm ready to buy... til then, it's renting renting renting for me and the roomies! :)
ReplyDeleteKayla
Ive been struggling for a while to get a deposit together which seems such an impossible task. As soon as you get a bit together life pops up and takes it away, maybe some of us are just destined to rent.
ReplyDeleteHi David,
ReplyDeleteIn mainland Europe it is quite common for people to rent all their live. Now of course there is the option to do as the Japanese do and take out a 100 yr mortgage (if you can get one) and pass it onto your grand children. Probably not the best solution but beats renting forever.
Hi, Really great effort. Everyone must read this article. Thanks for sharing.
ReplyDeleteVery informative, keep posting such good articles, it really helps to know about things.
ReplyDelete