The struggle is real when it comes to trying to find an affordable home to call your own, especially in an unstable housing market. But there could be a solution to finally getting yourself on the property ladder if you’re willing to forgo a few key features during your search.
The study, commissioned by The Gateway, a development of new homes by L&Q in Chiswick, west London, found that the list of priorities for choosing a first home don’t vary widely around the country.
‘The research shows that millennials are knowledgeable about what they can and cannot realistically afford when it comes to the purchase of their first home, in terms of size, location and amenities,’ said Cathy Lloyd, sales and customer services director for L&Q.
‘Interestingly, the priorities of those living around the country don’t vary too wildly.
‘Across all regions, the priorities are transport links, ease of commute and proximity to family above all else – something which I’m sure will delight many a parent.’
With 73 per cent of millennials aspiring to be a property owner one day, with some expecting to get the keys to their first home at the age of 35, one quarter have given up the dream of being a homeowner completely.