Despite the current economic doom and gloom, a majority of Britons are still keen to own their own home, a new study has found.
Research carried out by Taylor Wimpey in collaboration with University of Birmingham housing and inclusion expert, Dr Julie Christian found that 61 per cent of Midlanders would feel more settled and comfortable in a property they owned rather than in rental accommodation.
This proportion was found to be as high as 76 per cent nationally, with factors such as being able to personalise a space and an increased feeling of security among the major factors behind such a preference.
Dr Christian explained: "The desire to own a home of one's own does not vary from region to region, meaning that the desire to feel more settled is a factor that transcends national location and is more central to personal identity.
"It is nonetheless linked to raising a family and to the ease with which one can own hold employment, particularly important in today’s financial climate."
Just recently, Council of Mortgage Lenders (CML) reported that first-time buyers are now returning to the UK property market, even though lenders are still asking for high deposits.
See Also: Property News (6705)
Date Published: 16 April 2009
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