Student home ownership

First Houes - MANDY GODBEHEARWith more bad news in the press about the state of the economy it’s somewhat surprising to see, in a recent survey conducted by, that 78% of students believe that home ownership is important. This coincides with the fact that only 2% believed it to be unimportant; the other 20% simply hadn’t considered it.

So, this has got to be good news, right?

Of course! Having dreams and aspirations are largely responsible for young people making the choice to go to university in the first place.

Simon Thompson, Managing Director of Accommodation for Students who compiled this research says “It’s fantastic that so many students aim towards homeownership and for some, the dream of getting a good job and being able to buy a home is the very reason they come to university. It’s important that the Government make these aspirations achievable for the next generation.”

However, despite the optimism about home ownership in the years shortly after they finish their university education, there are still concerns from students about the general economy, the difficulty in finding a job after university and the limited number of mortgages. These factors can all influence how easily graduates will find buying a house, the majority thinking they will own a house in the decade between the ages of 25 and 35.

So how do you feel about home ownership being a student? Is it really as important as people make it out to be? Please feel free to share your thoughts in the comments as I am genuinely interested.

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Amalia Lewis

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