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.
Key findings:
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Young adults in the UK continue to place important on owning their own home.
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Potential first-time buyers continue to be fairly optimistic about their prospects of owning a property.
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However, a lack of economic security and stability has emerged as a barrier to ownership over the last year.
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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.
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