Nationwide says a survey it commissioned suggests three-quarters of people renting privately or living with their parents still want to buy a place of their own despite surging house prices.
The lender says this desire is so great that nearly a quarter of the 2,134 respondents said they would consider a second job in order to manage the mortgage.
About a third, 38% of those questioned believe they will be in a position to buy within the next two years.
However, an even greater proportion, 42% expect prices to keep rising over the next two to three years.
About one-in-six young people say they are thinking about acquiring a property together with friends in order to be able to afford that first step on the property ladder, Nationwide’s survey states.IFAonline
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