Homeownership aspirations plummet in UK

According to a recent survey by the HomeOwners Alliance, aspirations for home ownership in Britain have reached their lowest point in a decade, with only 64% of potential first-time buyers believing that owning a property is achievable, down from 71% last year. Rosie Hooper, a financial planner at Quilter Cheviot, remarked: "Younger people's hopes of getting on the housing ladder have been quietly chipped away as government support has faded." Key factors contributing to this decline include high stamp duty costs, difficulties in downsizing, and concerns over the leasehold system. The survey revealed that nearly two-thirds of respondents expressed worries about stamp duty, while the availability of affordable housing remains a significant issue

The Daily Telegraph (24/05/2025)