Young first-time buyers are losing the concept they need to make sacrifices to get on the property ladder, television presenter Kirstie Allsopp has said, as she claims “it never has and never will be easy”
Allsopp, known for property programmes including Location, Location, Location, said young people want to travel, go to university and eat out as well as attempting to buy their first flat.
Suggesting it was difficult to have it all and still get on the housing ladder, she added: “It has never been, and never will, be easy.”
Allsopp told the Observer: “Young people are slightly losing the concept that you make sacrifices to get on the ladder. They want to go to university, they want to travel, they want to eat out frequently and they want to buy their first flat.”
Earlier this year, a survey by Halifax found the UK was becoming a nation of renters, with nearly a third of 20-45 year having no plans to get on the property ladder.
The average deposit for the first-time buyer is now estimated at £26,956, with 35 per cent of those surveyed admitting they will be reliant on a windfall, bonus or an early inheritance to get one together.
Suggesting it was difficult to have it all and still get on the housing ladder, she added: “It has never been, and never will, be easy.”
Allsopp told the Observer: “Young people are slightly losing the concept that you make sacrifices to get on the ladder. They want to go to university, they want to travel, they want to eat out frequently and they want to buy their first flat.”
Earlier this year, a survey by Halifax found the UK was becoming a nation of renters, with nearly a third of 20-45 year having no plans to get on the property ladder.
The average deposit for the first-time buyer is now estimated at £26,956, with 35 per cent of those surveyed admitting they will be reliant on a windfall, bonus or an early inheritance to get one together.
Allsopp added she was “born homey”, pursuing a career in property due to a nesting instinct.
“On my 21st birthday, I got a washing machine,” she said. “Interest rates were at 15%.”
She added: “I am not a mover. I buy a house and stay put. And I am certainly not the sort of person who wants everything new.”
Research by the Council for Mortgage Lenders, published in June, found almost two-thirds of first time buyers had to rely on parental support to get on the housing ladder in the last year.
http://www.telegraph.co.uk/property/propertynews/10194063/Kirstie-Allsopp-Getting-on-the-property-ladder-has-never-been-easy.html
“On my 21st birthday, I got a washing machine,” she said. “Interest rates were at 15%.”
She added: “I am not a mover. I buy a house and stay put. And I am certainly not the sort of person who wants everything new.”
Research by the Council for Mortgage Lenders, published in June, found almost two-thirds of first time buyers had to rely on parental support to get on the housing ladder in the last year.
http://www.telegraph.co.uk/property/propertynews/10194063/Kirstie-Allsopp-Getting-on-the-property-ladder-has-never-been-easy.html