A massive majority of the UK population believe that they will eventually be able to invest in their very own property, according to a survey by icount.co.uk.
The survey of 1,000 adults found that 95% of them are expecting to buy a home of their own at some point during their lifetime.
Of the total number of respondents, 42% had either bought their first home or expected to buy their first home, between the ages of 25 and 30 years old. This puts to bed suggestions that the majority of younger people have “given up” on the thought of owning their own property.
Samuel Mond, CEO of icount, said: “It’s fantastic to see a wealth of individuals still motivated and determined to invest in property and in their future, particularly amongst younger members of the population.
“Of course, credit rating plays a major role in determining whether or not an individual can purchase their own property, and so it’s key for those looking to invest, to have a thorough understanding of credit ratings and how their very own could impact their chances of buying.”
