75% generation rent believe they will never be able to buy

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New poll commissioned by Shelter and British Gas reveals most 20 to 34 year olds believe they will never own their own home

In a poll conducted by MORI for Shelter and British Gas shows that over 75% of 20 to 34 year olds believe they are unlikely to buy their own homes and will rent for all their lives. The poll asked 1906 people.

Campbell Robb, chief executive of Shelter, says: “The fact that vast numbers of people fear their grandchildren will never have a home to put down roots in highlights the sad truth that this country is once again at the mercy of a housing crisis. While we have made progress over the last 50 years, our current housing shortage means millions are facing a lifetime of instability and, understandably, people are giving up hope. But if our history tells us anything, it’s that together we can make things change.”

He says the current housing market is “dysfunctional” with “graduates starting on £40,000 to £45,000 in London, and they don’t take the jobs because they can’t afford to live in London or can’t afford to buy because it is so expensive. The cost of buying a home just bears no relation now to what people can afford.”

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Written by: Houseladder

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