According to recent research
Almost half of families who don’t already own their own home believe they’ll never do so (and only a third think they will definitely buy)
57 per cent of non-owners in the poorest 20 per cent of the population say they won’t ever buy, a figure that only falls to 42% among middle-income households. Even 25 per cent of the richest 20 per cent of non-owning households believe they will never buy.
It will 24 years for a low to middle income household saving 5 per cent of their disposable income a year to accumulate the deposit required for an average first time buyer. In the 1990s it took around three years.
Source: The Resolution Foundation
1 comment
-
Comment Link
Sunday 20 December, 2015
posted by
Simon Collyer
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Join
FREE
Here
