Property hopes remain strong

The British love affair with home ownership remains strong, but it is “far from clear” how many people will achieve their dream of getting on the housing ladder in the uncertain economy, a study has found.
By The Newsroom
Published 13th Jun 2012, 07:00 BST

Eight out of 10 people who took part in a survey for the Council of Mortgage Lenders (CML) hope to own their own home in 10 years time and three quarters aspire to do this within the next two years.

The findings show how the desire for home ownership remains “strongly entrenched”, the CML said, despite people’s worries about the economy.

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The latest figures have declined only a little on the 78 per cent of people in 2007 who said they wanted to own their home in the next two years and the 84 per cent who wanted to do so within 10 years.