More people are aspiring to own their own home – but finding it increasingly difficult to do so.
A new survey by the HomeOwners Alliance found that 73% of non-home owners wish to own their own homes, up from 65% four years ago.
But many, 78%, are worried about the availability and quality of homes.
The survey, in its fourth year, polled over 2,000 people last month.
The HomeOwners Alliance said its new survey, out this morning, proves that the housing crisis is accelerating.
Of those questioned, 82% said the inability to get on the property ladder is a serious problem, and 80% say saving for a deposit is a major difficulty.
Other factors cited as serious problems were house prices (78%) and the availability of housing (72%).
The quality of homes is a serious problem for just over half (52%).
However, the costs of moving are of less concern than a few years ago.
Stamp Duty is a concern for 52% (down from 64%), conveyancing fees are a concern for 50% (down from 61%) and estate agent fees worry 54% (down from 64%).
As purchasers I am not sure why estate agent fees should worry first time buyers. However, the massive sums now payable for stamp duty is a serious concern for any purchaser in London and its surroundings. The Government make the right noises whilst taxing the hell out of first time buyers (and second time buyers who need to be able to move up the market to make room for first time buyers). They tax new development with community Infrastructure Levies, S106 agreements etc etc and all these costs have to be recovered from the sales and inevitably increases market prices. Add in the unfettered migration into the UK and you now see the results. Excess demand and grossly inadequate supply.
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