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1 in 4 adults have no desire to own their own home

In Cardiff, 30% of adults no longer wish to own property, compared to 27.7% in Manchester and 25% in both Brighton and Belfast.

At the other end of the table, just 10.3% of adults in Southampton said that they did not want to own property, while 11.1% of Londoners agreed.

Nationally, 16% of adults say that they have no desire to own a property.

Peter Bolton King, chief executive of the National Association of Estate Agents, said: "The recession has left many people feeling that they cannot get onto the property ladder.

"But the recession alone cannot shoulder the blame. The Government has so far refused to create a level playing field for house-hunters by reforming stamp duty, a tax on aspiration.

"These figures show the danger of that sort of approach – as many people in British cities are simply giving up.

"Likewise, the major lenders are not doing enough to help responsible people borrow appropriately to finance house purchasing.

"These figures provide a snapshot of the state of the nation. They can be turned around and the NAEA would strongly urge the Government and the lenders to do more to harness the emerging indicators of recovery seen across the housing market.

"It will be a sad day if any British man or woman gives up on acquiring their castle."

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0 thoughts on “1 in 4 adults have no desire to own their own home

  1. The lack of quality housing stock at affordable levels, coupled with lack of funding at suitable levels, means owning your own home as a first time buyer is a thing of the past. Surely this is the sign that private rented accomodation, correctly regulated is a thing for the future, for people who do not want to buy and would rather rent. This is quite common in other countries, and accepted as the norm!

  2. Stephanie Walshe says:

    I agree with Jason – private residential rentals, handled by qualified and accredited agents offer a sound alternative to buying a home, especially if the mortgage you might be looking at is interest only.
    You have the choice of living in a property that is most probably much better than what you could actually afford if you were buying and not have the misery of having to sell if you need or want to move. What we need to do is look to European models where they do not regard tenants as second class citizens and accept that renting property is a plausible option for people that want to do other things with their money.