Few living in "dream home"

Posted: 06 Jul 2007 11:01:37 GMT


            Property News - Few living in "dream home"

Only a minority of British homeowners agree that they are living in their "dream home", new research suggests.

Only a minority of British homeowners agree that they are living in their "dream home", new research suggests.

A survey of homeowners by Alliance & Leicester found that just five per cent - the equivalent of 2.3 million people - said that they did not want to move again, having found the perfect place to live.

The majority viewed their current property as a 'halfway house', the survey found, and had limited emotional attachment to their homes.

"It seems people are happy to move into a property that isn't their ideal, in order to move up the property ladder and reap the benefit of rising house prices," commented Alliance & Leicester's director of mortgages Stephen Leonard.

"More and more people seem to be looking for property on the basis of an investment, rather than buying their dream home."

Limited supply of housing may be one cause of this investment attitude, with buyers likely to find that the perfect home costs more than they can afford.

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