‘Potential loss of faith in idea of homeownership’ among 35 to 54-year-olds

Yorkshire Building Society’s research found that nearly three-fifths of 35 to 54-year-olds who don’t own a home have given up hope of ever owning one, with 21% of 18 to 34-year-olds and 58% of the older group uncertain or not planning to buy. Key barriers for first-time buyers include the cost of living, high prices, and feeling overwhelmed by the market complexity. The study also revealed motivations for buying, such as wanting freedom, starting a family, and financial security. Yorkshire Building Society’s director of mortgages highlighted the need for industry players to support and provide hope to potential buyers.

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