By Graham Norwood
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| Source: https://brookebot.com/carolinaup statepmre/files/2017/09/01.jpg |
Research by insurance firm Aviva suggests private tenants are now more pessimistic about being able to buy their own home.
In December, six months ago, the firm found that 68 per cent of non homeowners hoped to buy a property in future: now that figures is just 52 per cent.
In line with this, the number of under-25s hoping to get on the property ladder in the next five years has decreased from 35 per cent in December to 27 per cent today.
The number of households - renting and owning - looking to trade up to a bigger property has also fallen from 10 to eight per cent, suggesting the current housing market is causing people to put plans on hold.
The Aviva study also reveals that lockdown has accelerated the way people use online services and video technology.
Prior to the Covid-19 outbreak, 30 per cent of UK residents aged 55+ used video calls. This has now risen to 38 per cent of this age group.
The number of internet-enabled devices per UK household has increased from 10.3 in December to 11.6 now.
An Aviva spokesman says: “As the lockdown begins to ease, its legacy is likely to continue as new behaviours become the norm.
If people make significant changes at home - whether this means buying new technology, making substantial property improvements, or even changing one’s living arrangements – it’s important that people keep their home insurer informed so they have the appropriate cover in place.”
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