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Young people optimistic about future home ownership

by Natalie Vincent Tue 10 October 2017, 4:33 pm

Research carried out in the London Borough of Waltham Forest has found that young people are positive about the prospect of owning their own property in the future.

Image courtesy of Waltham Forest Council

This is according to research findings announced at the Waltham Forest Housing Summit on 6 September, carried out by community consultants Kaizen and Social Life, and Waltham Forest Young Advisors, on the expectations and concerns of young people in the borough when it comes to housing.

Conclusions drawn from the interviews were that although young people felt current housing is expensive and hard to access in Waltham Forest, they still had high expectations of owning their own homes in the future; with around four in 10 young people expecting to have family support to help buy a home, which is lower than the national average. 

Around 300 attendees at the summit listened to the findings, including key housing policy makers and a range of councils and industry figures.

Conducted through street interviews, 13% of those interviewed were under 18, 49% were aged 18 to 24 and 32% were 25 to 35 years old.

Leader of Waltham Forest Council Clare Coghill, spoke about the local authority's housing plans: "As a council it is one of our key priorities to provide more affordable and accessible housing for residents – especially young people. Many still have the aspiration of owning their own home but are unable to afford it. This means we need to make sure we have the right housing options and support for them, be it private or social, so they can get on the housing ladder."

Please click here to view highlights from the housing summit. 

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