Home-ownership a ‘pipe-dream’ for half of people

Published: 11 July 2019

FT Adviser reports “nearly half of non-homeowners in the UK think they will never get on the property ladder, new research has found.

The findings from wealth manager Close Brothers, which surveyed 1,003 employers and 5,003 employees last year, revealed that 47 per cent of non-homeowners felt that homeownership was a ‘pipe-dream’ despite it remaining an aspiration for 65 per cent of those polled.

According to the ONS, average house prices in Britain have skyrocketed by more than 270 per cent over the past two decades, pushing back the age at which people become homeowners by at least eight years.”

Read more.