According to a research article shared by the Council of Mortgage Lenders, 81% of adults in Britain hope to become homeowners in a decade’s time irrespective of the financial and economic problems arising from the current credit crunch, and around 74% feel that they will be able to purchase their own home in 2 years time.
The article published by CML (based on the survey results released by YouGov) also revealed that the desire to own a home has fallen only a little over the last few years and still exists strongly within different age groups in the UK.
People within the age of 35 have higher aspirations compared to those who own a home in UK currently. What is important to note here is that most people who are paying for rented accommodations or sharing a home with their family and friends are below 35 years of age, and over half of these people (i.e. around 54%) have a desire to purchase their own homes within a short period of time. However, only a third (i.e. 33%) of them think that they will manage to own a home in two years time.
In the wake of this data, the UK government will have to make a conscious effort to ensure that high quality housing is easily available in the coming years, and that the rental sector provides alluring choices to people who do not wish to purchase their own home or are facing financial difficulties and cannot acquire one.
This is certainly good news for both home buyers and home sellers. While home buyers can work in the direction of purchasing their dream house, home sellers who were planning a Quick Property Sale will find a number of buyers. So, if you own a residential property in the UK and have been thinking to yourself that I need to sell my house fast, you can either approach a property buying company and make the most of a Fast Property Sale or wait for the right buyer to come your way.
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