One Third of Possible Property Buyers Move in with Parents
London, England -- (SBWire) -- 06/19/2015 --A recent report for a prominent national bank has revealed that around one third of potential homeowners are moving back in with their parents. The survey interviewed around 1,000 people, with 28% of those revealing that they had invited their children back into their home in some capacity. Other results from the report included the admission that 26% of parents had assisted their child in putting down a deposit for their home, whilst 21% contributed to other costs that came with moving house.
The news comes despite the attempts of banks and mortgage lenders to make the property market more accessible for young people with the likes of lowered deposit amounts. It also implies that young people are still not feeling secure enough to purchase their own home. With the country, as well as the global economy, still in recession, it is likely that such living arrangements may increase as the economy stabilises and individuals feel some level of income security before they commit to owning a home.
About Best Van and Man
Best Van and Man are a leading removals company with years of experience in the field. As regular commentators on industry news, they were eager to remark upon the news and a spokesperson had this to say, 'We've noticed that more people moving house are actually hiring us for small personal removals, from one temporary place to another. We do think it is unfortunate that young people are facing such difficulty getting on to the property ladder. Yet no matter what situation you are in, it is essential that you have the right services at hand, so that the move is as smooth as possible and not a cause of trouble or discomfort. It can even be celebrated as an opportunity for positive progression! We pride ourselves on our exceptional customer service, and after being in the business this long, you get used to the vicissitudes of the economy and property prices. It all turns out alright in the end.'
PR Contact:
Best Van & Man
Company name: Best Van & Man
Tel: 07702894895
Website: http://www.bestvanandman.co.uk
Contact person: Stephan Kochev
Email: info:@bestvanandman.co.uk
Address: 58 Addison Avenue
South Gate
London
N14 4AH
Media Relations Contact
Stephan Kochev
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Best Van & Man
07702894895
http://www.bestvanandman.co.uk/
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