A place of their own seems impossible

MORE than half of young adults who are not on the property ladder believe they will never be able to afford a house.

A survey conducted by Post Office Mortgages found 53 per cent of would-be homeowners aged 25 to 34 were pessimistic about their chances of ever buying.

The study also found the average age at which a non-homeowner believes they will be able to buy a property now stands at 35. The online survey of 700 people not on the property ladder found 50 per cent of 25 to 34-year-olds said they would not be able to afford a deposit unless their circumstances changed.

Women are more optimistic than men, expecting to buy a home at an average age of 34.

Men in a similar situation do not think they will purchase property until a typical age of 37.