Why Do Millenials Not Own Property Anymore?
Dec 10, 2021
The term “Generation Rent” is well-known.
And many UK property investors have developed businesses catering to young professionals who would rather rent than buy.
It’s a choice for some tenants and a necessity for others.
Some of the top causes behind Generation Rent are:
🔑 Purchasing a home could be expensive
🔑 Increasing living costs
🔑 Average incomes are not enough to save for a deposit any longer
🔑 Do not have any partner, wife, or husband yet
🔑 Professional (and personal) life is more flexible and less likely to be stuck in one place
🔑 Difficulty in obtaining a loan
🔑 Discouraged due to excessive student debt
