CITY VIEWS: DO YOU THINK HOME OWNERSHIP IS DECLINING?

MARCUS KUM | INSTITUTE OF CHARTERED SHIPBROKERS
“People will always buy houses rather than rent because it’s a personal achievement: the only problem is the affordability. Renting is cheaper because of the deposit when buying, causing a decline in house ownership.”

CHRIS COPPING | UNITED INSURANCE BROKERS
“Yes, but I'm not sure how long it will last. There are a lot of mortgage deals to help people but the deposits when you buy are a problem. The general trend is people moving away from the city to be able to buy more affordable homes.”

ALEX TUNSTALL | KENNEDYPEARCE CONSULTING
“Ownership is definitely declining because of the market we are in. For first-time buyers it’s so expensive. More people rent as it is affordable, but I think it will always be desirable to buy a home when you have a family or if you can afford it.”