Hard reality of housing yet to puncture youthful bubble says survey by Finance News Bulletin

Published: 16/01/07

The hard reality of the modern housing marketplace has yet to injure the youthful optimism of the younger generation, new research from IFA Promotions has foundin spite of 58 million adults saying that the property ladder remains out of their arrive at, the vast majority of teenagers – 83 per cent – speak that they expect to be homeownersMore than half of all these – 56 per cent – also speak that they will own property by the time they are 27, seven years earlier than the current normal first age of 34

Other expectations may be due to simple young ignorance however, such as the lack of recognition among 79 per cent that homeownership is likely to be a financial burden"The require for advice is palpable and arguably it is the first occasion buyer who would benefit from self-governing financial advice the most," said Karen Bartlett of IFA Promotions"We advise first timers to make their mortgage choice a priority and make sure they visit an IFA for advice"The adult reality of judgment the best mortgage rate may make the youthful dream of property possession more achievable, said IFA Promotions

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