1/3 of Millennials say they’ll never own a home
New figures show why the rental market is seeing such strong demand.
The data shows that some 28 per cent of Britons under the age of 35 have no money set aside for a deposit on a house.
Of the remaining 72 per cent, the average amount saved was found to be £6,120 – that’s under a fifth of the average deposit for a house in the UK.
And 30 per cent of Britons aged 18 to 35 years old says they have given up on the idea of owning their own home completely.