Those of us from Generation Z are no strangers to the question, “Where do you see yourself in five years’ time?”. Some just don’t know but, according to retalor.com, 50% of Gen Z’s want to be homeowners by then!
With many of us placing plans on hold, it seems that the pandemic hasn’t been a barrier to their ambitions and, in fact, 64%*, said that it actually had zero impact on their plans. Generation Z are done with long-term renting and just want somewhere to call their own.
Many Generation Z’s are entering the professional stage of life; they’ve found financial stability and are now looking to settle down – but how easy is it for Gen Z’s to get onto the property ladder?
The housing market is red hot right now and that heat is only going up. There’s a huge demand for property and, with some 18- to 24-year-olds have even commenting that they would consider homes that need that some TLC, there are so many options available right now.
So, what can you do if you’re a Gen Z looking to take their first step onto the property ladder?
Well, here at Douglas Allen we’re here to help in any way we can. Why not sign up to our property alerts, read our latest guides on buying your first home and, of course, you can always chat with us. Find your local branch today!
We can’t wait to help you find you your very first home!
* National Mortgage Profession, June 2021