CML: Homeownership love affair survives Brexit

Ryan Bembridge

July 25, 2016

love heart home homeownership

Aspiration to become UK homeowners is still going strong despite the vote to leave the European Union, a YouGov survey commissioned by the Council of Mortgage Lenders shows.

After the UK voted for a Brexit 72% of adults wanted to be homeowners in two years’ time and 80% in 10 years’ time which told a similar story to previews surveys.

Bob Pannell, CML’s chief economist, said: “The British love affair with home-ownership appears to have survived Brexit.

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“In a world with few certainties, this may be one worth holding on to as we navigate the uncharted waters ahead.

“While we cannot rule out the possibility that the Brexit vote may have dented the desire for home-ownership, the underlying preference for this tenure is clear.

“Indeed, the proportion of adults hoping to be home-owners in 10 years’ time remains in line with its 30-year average.”

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