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Home ownership 'a top priority'

Home ownership is more important to Britons than getting married or having children, a survey of potential buyers has shown.

The housebuilder Barratt Developments said, around 71% of those polled rate owning a property as eight on the scale of 10.

Only 46% of 2,905 potential buyers rate getting married as a priority, while 44% gave a high score to parenthood.

Britons also consider job satisfaction nearly as important as owning a home, with 68% of people rating it as eight out of 10. Nearly seven in 10 (69%) say the area in which they live is important.

Only 24% think taking holidays abroad is important and more than a quarter say having an active social life is a priority.

Mark Clare, chief executive of Barratt Developments, said: "These results demonstrate that the economic problems of the last three years have not diminished the huge appetite for home ownership in Britain."

According to the survey, 42% consider saving a large sum as the biggest barrier to owning a property, followed by finding a suitable property at 41%. Nearly a third think getting a mortgage is a major problem.

Copyright © Press Association 2010

All articles are copyright The Press Association 2010. News articles provided by The Press Association for Family Investments. Whilst every care it taken to ensure accuracy of editorial content, Family Investments takes no responsibility for any errors or omissions. The views expressed in these articles are not necessarily those of Family Investments.

  

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Important Information: The contents of this website must not be interpreted as financial advice. You should not rely on the comments and views expressed within this site. Your own individual circumstances should always be considered. If you have any doubts regarding financial matters you should seek advice from a suitably qualified professional. See our Terms and Conditions for more information. Site last reviewed and updated 02/09/10.