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Property To Rent And Buy Becomes a Distant Dream for Many Young People by Ashu Garg





Article Author Biography
Property To Rent And Buy Becomes a Distant Dream for Many Young People by
Article Posted: 11/11/2013
Article Views: 44
Articles Written: 234
Word Count: 593
Article Votes: 0
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Property To Rent And Buy Becomes a Distant Dream for Many Young People


 
Business
Looking to jump on the property ladder this year? You are not alone , as so many young people 're thinking the same . You may be thinking that now yratinkamas time to do it , the perfect time of the deposit down a nice apartment or a house in the city center that has a lot more space, and saves you time commuting to work, or is located in the trendy up and promising areas that you I always wanted butidalis . You may be tired of living with his parents , to pay the rent or just see it as a good long-term financial investment. These thoughts go through so many young people these days, but unfortunately , as hard as it may be to hear tokssapnas may not be possible if you go it alone minds.

According to data published by the National Housing Federation , more than half of young people believe that they will not be able to buy their first property without help mom and dad a bit, with about 54 percent of people aged 18 to 30 said that they would need to borrow money to put down any type of deposit sort. More worryingly , 84 percent of respondents said they think owning property is more than a dream a real possibility today, despite the recent fall in house prices , while six per cent believe they will never be able to afford the prices asked in kind. Tikžmoniu quarter felt confident they would be able to buy real estate without the aid altogether. From these first -time buyers looking for the support of parents , one-fifth felt that they would need up to £ 10,000 to get on the property ladder , with 28 percent thinking of £ 20,000 would be better and 17 percent believe that over £ 40,000 would be required.

With these discouraging numbers it is no surprise that the popularity of rental property is increasing more than ever. This creates more of a problem to pay rent every month they are losing large sums of money that is necessary for them to get onto the property ladder - taiužburtas wheel. More and more people are looking for affordable apartments for rent in Manchester , London, Leeds, Glasgow and Edinburgh . This option can be more affordable and popular with young professionals, students and adult couples. However, for those with young families may butikita story altogether irdaug pricier one at that. They require extra space that is not always found in apartments and so many in this situation have no choice but to look into home ownership to rent in Manchester, London , Dundee , Edinburgh and Newcastle is tikkeletas of them.

With so many young people are losing hope , National Housing Federation has called on all political parties to commit to the creation of more affordable housing, both sales and rental , for the first time buyers. They warn action to be taken , and warns that if something is done about the current situation in the gloomy tadavisos generation can be turned away from the property ladder for a long time.

It is reported kadVyriausybe plans to spend approximately £ 7500000000 to building more housing in the next two years.

Elliot Davidson has more than 15 years of experience in the real estate industry . He likes to write about the real estate market and homes for sale .

Affordable and reasonable flats for sale in Zirakpur. Contact us and get the best deals.

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