Brits ''keen to buy''


Tue 30th Oct, 15:21:14 GMT

The vast majority of Brits would be unhappy if they had to live in rented accommodation forever, a new poll has revealed.

According to the New Homes Marketing Board (NHMB), just eight per cent of people would be content to stay a tenant for the rest of their lives, but the organisation warned that a lack of available housing was squeezing both renters and buyers.

David Pretty, the chairman of the NHMB, said: "The supply and variety of homes for rent, like homes for sale, is ultimately controlled by land availability and the planning system, and an ongoing serious shortage of supply will simply drive up rents as it has driven up prices.

"We''re now looking at a situation where perhaps the lost generation of people who can''t afford to buy the home they need today may not be able to afford to rent a decent home in the future either - and that’s a social time-bomb, particularly if those renters never have the opportunity to build up equity to supplement their future pensions."

It follows previous research commissioned by the BBC which revealed that Brits still feel that property investment is the safest way place for their money.ADNFCR-1143-ID-18336101-ADNFCR


News Home




 Print   Send to a Friend   Discuss in Forum   RSS Feed



Share this article:

  Digg it    Del.icio.us    Reddit    Newsvine    Nowpublic   






Search News Archive: