The poll, of 2,465 consumers of all ages, blows wide open the theory that more and more will go the European way and choose to be tenants for lifestyle reasons.
People under 30 are more opposed than any other age group to ‘continental’ models of tenure in which families routinely rent for the duration of their adult lives.
Some 90% of 18 to 29-year-olds would not be happy if they had to live in rented accommodation for the rest of their working lives. A majority (64%) do not want to start a family while they are renting and 43% do not want to get married until they own their own home
Click her to read to full article A lifetime of renting? No thanks, say under-30s
NetRent Comment
This poll was conducted for Barratt Homes and it's findings may not surprise anyone, but the reality of buying a home is now beyond many people. Whether or not this situation changes relies on a combination of factors, the biggest of which is the lack of competitive mortgage lending.
Young people who are currently renting are finding it increasingly difficult to save for the larger deposits demanded by lenders. If first time buyers are prevented from entering the housing market then the whole housing market suffers. It is vital that methods are found to enable first time buyers to get onto the housing ladder, without first time buyers the whole housing market will eventually stagnate.
