High house prices was cited by 60% of respondents as being a barrier to home ownership. Meanwhile, 44% said saving for a deposit was a hindrance, and a third did not think they could afford monthly mortgage payments.
The research suggests that those with parents who own a home are more likely to follow in their footsteps. This could be due to an increasing reliance on the Bank of Mum and Dad, as 20% of 18 to 34-year-olds who are homeowners had financial help from family members.
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