First-time buyers: key reasons for wanting to own a home in the UK 2019

Published by Statista Research Department, Feb 18, 2020
For younger (18-40) potential first-time buyers in the United Kingdom (UK), owning their very own home is their top life goal. In fact, respondents to a Santander survey on potential first-time home buyers found that younger people put owning a home above financial security, getting fit or even having children/starting a family.

In 2019, the main reason for wanting to own a home was the fact that it provided a sense of security. Over a third of respondents also said that it was a means of future wealth preservation and that it was cheaper than renting.

Main reasons why people want to buy their own home in the United Kingdom (UK) in 2019*

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

July 2019

Region

United Kingdom

Survey time period

May 2019

Number of respondents

5,002 respondents

Age group

18-40 years

Special properties

Potential first-time buyers

Supplementary notes

* This question was phrased by the source as follows: "Why is owning a home a key life goal?"

** Full answer "It’s a means of future wealth preservation – something to pass on to my children"

Figures rounded.

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Residential real estate in the United Kingdom "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Residential real estate in the United Kingdom

Overveiw

5

Housing stock and construction

6

House prices

6

Housing finance and remortgaging

7

Rental market

5

Further related statistics

7

Further Content: You might find this interesting as well

Statistics

Topics

Millennials homeownership in the U.S.Housing market in the U.S.Apartments in the U.S.Residential construction in the U.S.Residential real estate in New York
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.