UK is still a nation of aspirant homeowners, shows research
10th Dec 2012
A third of new homeowners and potential first-time buyers of UK property believe it makes more financial sense to get on to the housing ladder than rent long-term.
Research by the Clydesdale and Yorkshire Banks revealed that Britons still aspire to live in their own abode, despite the current financial climate.
Just under a quarter think that this move is an investment for the future, while one-in-five said that it was an investment for the future.
Almost 15 per cent said that they wanted to build up some equity by buying a property, while the same number added that they hoped to be able to say that they were a homeowner.
The strength of this desire was markedly different around the UK, with 36 per cent of people in Wales stating that they wished to have their own abode, compared to just eight per cent in London.
In the south-east, 42 per cent said that buying makes more financial sense, as opposed to just 22 per cent in the north-west.
Posted by Staff Writer: Frances McDonald
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