Property crash puts off renters from buying

Published on

31% of renters claim that renting gives them more freedom than those who own their own home, while 12% no longer aspire to the status symbol of owning their own home, according to new research from Unbiased.co.uk.

6% of renters have been put off buying due to the property market crash and 7% have been financially unable to buy due to the property market crash.

Of 1.75 million homeowners, 32% stated they had not considered doing this in the past. A further 31% said they would consider selling their home and renting but aren’t able to do so at the moment as the price they would get for selling their home is too low.

Only 13% of renters say the property market crash has not put them off buying, and they are still hoping to purchase their own house. Owning their own home appears most important to the younger generations, with 22% of those aged between 18 to 34 still hoping to buy. The older generations of renters are less interested in buying after the property market crash, with only 6% of those aged between 35 to 54 and 2% of those aged 55 or over stating they are still keen to stop renting and buy their own home.

Karen Barrett, chief executive of Unbiased.co.uk, said: “While there are mixed messages as to whether house prices are now starting to rise again

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Marsden appoints chief customer officer

Marsden Building Society has appointed Julia Brook as chief customer officer. Brook (pictured) will be...

Limited company landlords expect yields to rise despite higher costs

Most residential limited company landlords expect rental yields, demand and property values to increase...

Darlington posts record lending as mortgage growth lifts assets above £1bn

Darlington Building Society reported record gross mortgage lending of £234m in 2025, as the...

Twenty7tec hires Nick Wakeham to lead data sales push

Twenty7tec has appointed Nick Wakeham as head of data sales as it looks to...

SAMPAN to hold second mortgage industry event in Solihull

The South Asian Mortgage Professionals & Allies Network will hold its second industry event...

Latest publication

Other news

The Marsden appoints chief customer officer

Marsden Building Society has appointed Julia Brook as chief customer officer. Brook (pictured) will be...

Limited company landlords expect yields to rise despite higher costs

Most residential limited company landlords expect rental yields, demand and property values to increase...

Darlington posts record lending as mortgage growth lifts assets above £1bn

Darlington Building Society reported record gross mortgage lending of £234m in 2025, as the...