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

Leek Building Society secures double win at British Bank Awards

Leek Building Society has secured a double success at the 2026 British Bank Awards...

ModaMortgages launches limited edition 5-year fixes with free vals

ModaMortgages has expanded its buy-to-let range with the launch of new limited edition 5-year...

TSB cuts residential fixed mortgage rates

TSB cut rates across parts of its residential mortgage range today as lenders continue...

Royal London refreshes protection anniversary emails

Royal London is rolling out refreshed anniversary emails to protection customers as insurers continue...

Think tank calls for abolition of stamp duty and council tax

A major new report has called for stamp duty and council tax to be...

Latest publication

Other news

Leek Building Society secures double win at British Bank Awards

Leek Building Society has secured a double success at the 2026 British Bank Awards...

ModaMortgages launches limited edition 5-year fixes with free vals

ModaMortgages has expanded its buy-to-let range with the launch of new limited edition 5-year...

TSB cuts residential fixed mortgage rates

TSB cut rates across parts of its residential mortgage range today as lenders continue...