As Labour consign buy to let right to buy to their manifesto dustbin, the question for many landlords is what will happen to property investment in the long term.
Politicians and renters seem at odds.
The Tories have attacked landlords through raising taxes while Labour wanted to sell their businesses from under them.
But a survey by fund managers Fidelity International reveals 45% of people who do not already own their own homes feel they never will and will rent for life.
On the one hand, politicians want to shrink buy to let, while on the other, the number of renters is swelling and decent homes are likely to become more expensive to rent as demand outpaces supply.
The survey found younger adults – under then 34 years old – would like to think that they will own a home, but that confidence drains away as people age.
While two out of three under 34s anticipate home ownership, only one in four of those aged between 35 and 54 feel the same way.
The financial implications of doing owning a home is what puts most people off buying a property, with 40% saying they don’t feel financially prepared to buy a property in the future, and therefore may rent for life, the research that questioned more than 2,000 non home owners disclosed.
“‘Despite the challenge that house price rises present, home ownership remains an aspiration for 14% of 34-54-year olds. Interestingly, 10% of over 55s share this goal, but 81% of that age group who don’t own a home think it is unlikely they ever will,” said Tom Stevenson, Investment Director for Personal Investing at Fidelity International.
“The increasing cost of buying a home means that 54% of 35-54-year olds have never owned a property, and the average age of a first-time buyer has risen from 31 to 33 years old over the past decade.”