Brits cannot afford dream homes |
25 2008 |
| Britons have revealed what their ideal home would be, but many believe that they will never be able to live in it due to the current financial difficulties. It perhaps suggests that people should be considering renting rather than buying as this may help them to achieve their aim of living in the perfect house. According to the survey by Legal & General, the ideal property would have country features. It would be positioned by the sea or in the countryside and most Britons would like to live in a village rather than an urban area. The most popular regions are Cornwall, Devon, Greater London, Surrey and Yorkshire, with all five receiving an equal vote as the ideal place to live. However, the study also highlighted that many people do not believe they will ever be able to afford to buy their dream home. "Probably reflecting financial concerns, the number of Brits who do not expect to ever live in their dream home has risen from just over 20 per cent to 30 per cent since the last survey," said Garry Skelton from Legal & General.  |
Related Articles |
| Buy-to-let 'not dead yet' |
| Investment in property is still attracting many buyers despite falling... |
| Housing transactions on the up in October |
| The National Association of Estate Agents (NAEA) has published figures... |
| British Land sees property drop 11% |
| The property portfolio of developer British Land has fallen in value by... |
| Property in Edinburgh falls 11% |
| House prices in Edinburgh have now fallen 11 per cent in a year, research... |
| NLA comments on 'reluctant landlord' |
| The National Landlord's Association (NLA) has commented on the phenomenon... |
Copyright © 1995-2008 loot.com. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the loot