Home buyers' survey launches New Homes Week

May 16, 2016
<p>Financial worries dominate the thinking of today’s generation of prospective home buyers, a new report and survey published by the Home Builders Federation shows. It also highlights the change in attitudes to home buying between young and old.</p> <p>The survey – which launched New Homes Week om May 16 - shows that whilst 84% of 18-34 years olds still want to own their own home, there are huge financial obstacles. 73% cited the difficulty of saving for a deposit; 69% property prices; and 53% the difficulty of getting a mortgage.</p> <p>One in four 18 – 34 year olds is unaware of any government support available to them, such as Help to Buy or the Help to Buy ISA.</p> <p>The survey reveals that younger people are more concerned than their elders about the running costs of homes with 67% of 18-24 year olds taking this into account when considering whether to buy compared to 40% of 35-44 year olds. Younger people are also much more likely to consider buying a new build - with 55% saying it is likely they would consider buying a new build compared to just 23% of over 45s.</p> <p>It also identifies the money second hand home …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register