Survey reveals struggles of first-time buyers

Caroline Cassidy
a model house sitting with a...
a model house sitting with a...

The property market's recovery might be good news for some, but according to a new survey, things are still tough if you're a first-time buyer.

The poll, conducted by the National Housing Federation, revealed that a massive 87 per cent believe buying a home is too difficult for the younger generation, and extreme measures are needed to get that first step on the ladder.

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With the average deposit on a first property now £30,000, 14 per cent of 18 to 35-year-olds said they would be forced to move back in with their parents in order to save cash, while others were putting off wedding plans.

Some 12 per cent were considering getting a second job in a bid to scrape together enough money, and one in 25 were prepared to take part in paid medical research.
According to young people, the government is to blame for pricing them out of the market, with 40 per cent saying the Coalition is more concerned about businesses than the needs of first-time buyers, and only three per cent believe young buyers are considered when it comes to housing policy.

David Orr, chief executive of the NHF, told the Daily Express: "Our polling of young people underlines the stark reality of their situation and how they feel like they are shouting into a void.

"They are just not being listened to by government."

What do you think? Is the government to blame for the struggles of first-time buyers? Leave your comments below...

Property Price Gap at Record Level
Property Price Gap at Record Level