David Lee logo
  • .
  • Bishop's Stortford: 01279 657 666
  • Stansted Mountfitchet: 01279 815 511
  • Great Dunmow: 01371 874 415
call-to-action call-to-action-mobile

Vast majority of UK tenants don’t think they can afford to buy

Search for properties

To buy or to rent?

Property type

Minimum price

Maximum price

Minimum bedrooms

Thu 26 Mar 2015

Vast majority of UK tenants don’t think they can afford to buy

Over 90% of tenants in the UK don’t think they will be able to afford a property as rents continue to escalate and property prices stay firmly out of their reach.

The study shows that just 7.5% of tenants feel confident that they will be able to afford to buy their own property in the future despite the government’s recent initiatives like the Help to Buy scheme, the stamp duty changes and the recent Budget announcement on ISA savings.

Indeed, according to the research from Property Let By Us, two thirds of tenants believe the government is still not doing enough to help them onto the property ladder.

A further 62% of tenants aspire to owning their own home but a massive 87% of tenants feel trapped in their rental accommodation.
 
‘These stats show that many tenants are still unable to afford to buy a property and believe more should be done to help them,’ said Jane Morris, managing director of Property Let By Us

http://www.propertywire.com/news/europe/uk-tenants-buy-property-2015032510303.html