This report considers the aspirations and expectations of young adults in regards to owning their first home. It was commissioned by the Yorkshire Building Society.
Young adults in the UK continue to place important on owning their own home.
Potential first-time buyers continue to be fairly optimistic about their prospects of owning a property.
However, a lack of economic security and stability has emerged as a barrier to ownership over the last year.
Reliance on the 'Bank of Mum and Dad' for help with buying a property is becoming the norm, though people worry about the impact of this on their family’s finances.
The research entailed an online survey of a nationally representative (UK) sample of 1030 18 to 40-year-olds who have never owned a property.