20 per cent of Brits fear being forced to leave their local area by housing costs

21 June 2014

One in five Britons fear having to move out of their local area because of the high cost of housing, according to a new survey conducted by the Chartered Institute of Housing and Ipsos MORI.

The online poll questioned adults aged 16-75 across Great Britain, and found that 20 per cent of people agree they might have to leave neighbourhoods because of soaring housing costs.

Young people are particularly pessimistic, with more than a third (36 per cent) of 16-24-year-olds and a quarter (26 per cent) of 25-34-year-olds agreeing that they might have to move.

In addition 52 per cent of 16-24-year-olds say that rising house prices would be a very or fairly bad thing for them personally, compared with 32 per cent across Great Britain as a whole.

The survey also showed that:

  • 60 per cent of Britons believe it is harder for them to buy or rent a home than it was for their parents’ generation when they were the same age.
  • 75 per cent believe it will be harder for the children of today to buy or rent a home than it is for them.
  • 32 per cent say their housing costs are causing them a great deal or fair amount of stress.
  • 29 per cent of Britons are concerned about being able to meet their monthly payments in 12 months’ time.