Tuesday 31 May 2011

Britain 'will become nation of renters within a generation', study claims - Telegraph

Britain 'will become nation of renters within a generation', study claims - Telegraph

A new study has found that almost two thirds of prospect home owners believe they will never own their own property.

Almost half of people aged between 20 and 45 admitted they thought the country was becoming more like Europe, in which renting was considered the norm.

Experst added that the research pointed to Britain becoming a nation of renters within a generation.

A majority of the 8,000 people surveyed admitted that the perception that banks were not lending was one of the biggest problems.

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