NEW RESEARCH REVEALS STRESS OF GETTING ON THE HOUSING LADDER IS DAMAGING THE MENTAL HEALTH OF YOUNG LONDONERS

Today new research reveals a shocking 70 percent of London renters think the stress of getting on the property ladder has affected their mental health and three quarters (77 percent) think being unable to own their own home is negatively impacting their life. The survey was carried out by GingerComms and commissioned by Pocket Living, London’s fastest growing private developer of affordable homes for first-time buyers. 

The research among 1,000 renters aged 25-40 shows that over a quarter (28 percent) can barely afford the rent, while a fifth said renting is getting them down, and as many as 16 percent feel genuinely depressed because of it. A startling 80 percent of Londoners worry they will never manage to buy their first home, despite almost half (47 percent) saying they long to own their own place.

Click here to read the full joint report by FirstHomeCoach and Pocket Living