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British people still want to own their own home despite the recession, research shows
Probably unsurprisingly, the slump in the housing market is quite appealing to first time buyers. In many places buying a house means cheaper monthly repayments than rent.
The recession has hindered some as saving for a deposit has become more difficult from rise in cost of living and unemployment etc.
However, according to the figures in this article from Property Wire, people who have managed to get on the property ladder since the dip started in 2008 have high hopes to own larger, more expensive homes (4/5bed) in future compared to those in a similar position in 1980s.
If you would like to discuss the steps you should take to take advantage of this property dip and get a head start on the property ladder, contact us and arrange an appointment with one of our financial planners.