New Survey conducted by YouGov for HomeOwners Alliance and BLP Insurance shows home ownership dream stronger than ever
In a new Survey conducted by YouGov for HomeOwners Alliance and BLP Insurance of over 2000 UK adults revealed 73% aspire to own their own homes with 82% of first time buyers stating affordability of property is a major concern.
Paula Higgins (left), the Chief Executive of the HomeOwners Alliance, said: “Despite a blizzard of government initiatives aimed at helping homeowners, the housing crisis is deepening across the country, with ever more non-homeowners wanting their own home, and ever greater concern about the lack of housing. Many government policies have boosted demand for homes, but what this survey shows is that the real problem is the desperate shortage of houses. Until the government tackles the fundamental issue that we just don’t have enough good quality homes, the housing crisis will continue to deepen and a generation will continue to have their dreams of homeownership crushed.”
Kim Vernau, Chief Executive of BLP Insurance says: “We are now at a critical juncture for the construction industry and housing market. The Government urgently needs to speed up the delivery of new homes for aspiring first time buyers. Tenures of all types are required across the country and affordable housing and social housing should also be a priority. Balancing these competing demands is a challenging task, particularly given the shortage of labour skills that we are currently witnessing in the construction industry. This is likely to get worse in the absence of key initiatives to help address this critical issue and the new Housing & Planning Bill and threat of a potential Brexit could tilt the construction labour market even further off balance.”