Sunday, February 25, 2024

Britain to become a nation of renters

A growing number of young British adults are giving up hope of ever owning their own property, fresh research shows.

A startling new survey reveals that while the great majority of young Britons from ‘Generation Rent’ would like to become homeowners, most believe they will be unable to raise the funds required to a get a foot on the housing ladder.

A study by The Urban Collective reveals half of Brits – 51% – think that the property ladder will only be scalable by oligarchs and high net worth individuals in 15 years’ time

Almost a third – 29.5% – of renters reveal they do not ever plan on ever buying a home, leaving the notion of Britain as a property-owning democracy in tatters

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