There's No Place Like Home

Is Britain becoming a nation of renters? THERE'S NO We've all heard about the ups and downs in the property PLACE LIKE market and the millions of people who are renting property because they can't secure a mortgage but what do they think about it and do they still hope to buy their own home Heme one day? And if so, when? Leeds city living specialist Morgans, which manages Leeds city centre's largest apartment portfolio, decided to find out and asked a total of 254 tenants about their property aspirations. Here's what they found.. 56% SOLD want to buy. 36% RENT are happy renting. 8% rent even though they own a property. 52% 52% BANK CLOSED don't have sufficient deposit. are unable to find a suitable home in a suitable location. 28% are concerned about market uncertainty. 7% say the mortgage process is too complicated. 2. of people that have no desire to buy don't want the commitment that property ownership brings and like having the freedom to move home at short notice. 28% are unable to find a home in a suitable location People who are saving for a deposit. 12% plan to buy in 39% the next 12 months 35% plan to buy in the next 2 years 14% 39% plan to buy in the next 5 years 14% plan to buy in the next 10 years 35% At what age do people expect to buy? 12% 53% 31% THINK THEY'LL BE THINK THEY'LL BE THINK THEY'LL BE THINK THEY'LL BE OVER 40 WHEN THEY BUY 18-25 YEARS OLD 26-31 YEARS OLD 32-39 YEARS OLD WHEN THEY BUY WHEN THEY BUY WHEN THEY BUY A PROPERTY A PROPERTY A PROPERTY A PROPERTY Those who are not saving for a deposit.. 8% THINK THEY'LL BE 49% THINK THEY'LL BE 38% THINK THEY'LL BE 5% THINK THEY'LL 18-25 YEARS OLD 26-31 YEARS OLD 32-39 YEARS OLD BE OVER 40 WHEN THEY BUY A PROPERTY WHEN THEY BUY A PROPERTY WHEN THEY BUY WHEN THEY BUY A PROPERTY A PROPERTY 55% of people that want to buy a property are saving. 17% feel they can rent a better home, in a more upmarket location than they could afford to buy.