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Hopes fading for new buyers

Jonathan Winston Jonathan Winston
1 min read

A new survey reveals that almost three-quarters of potential first-time buyers do not think they will ever own their own home.

The survey, by foreign exchange group Moneycorp, shows that high house prices, combined with the volatility of the UK market are combining to put people off buying in this country although a quarter of those questioned said they would consider buying a property overseas.

David Kerns, private client dealing manager at Moneycorp said: “Despite turbulent economic times, our report shows that a staggering one in four first-time buyers are still considering investing in overseas property at the moment due in part to the high costs of UK housing."

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