The youth of today still aspire to own property.
That’s according to the Building Societies Association (BSA) who surveyed a number of 18 to 24 year olds and found that 80% of them aspire to own their own home by the age of 30.
94% say that they would like to buy before they are 35.
“It is encouraging to see that the aspiration to buy is still strong among young people” says Paul Broadhead, BSA head of mortgage policy.
It seems that there’s little dampening of the edict that’s passed from generation to generation that ‘there’s nothing safer than bricks and mortar’. Safe as houses indeed.
And this new ‘online’ generation, wired to technology as they are, are bound to be responsible for what is set to be a continued explosion in use of online estate agents when they eventually then sell.
Young people are not only more used to living their lives via the Internet but are also more financially savvy these days. With such things as tuition fees and car insurance a major expense for the under 30’s, saving a fortune on estate agents fees will sure to be a priority.