More than half of young people believe they will never own their own property.

8th December 2010

More than half of young people believe they will never own their own property.

Two-thirds said the main reason for this was because they could never afford a deposit.

The 58% of people who thought they would never own their own property were asked what they believed they would do instead of owning a home: 77% said they would always rent privately and 23% thought they would probably always rent a council house.

Those who stated that they would probably always rent privately were further questioned. While 37% stated that they preferred the idea of renting as it was less commitment, 48% admitted they 'hated' the idea, of renting claiming it was 'just dead money'.

Of the total respondents to the study, 82% had concerns about getting on the property ladder.

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