Wednesday, 23 April 2014

Lack of homes holds back young people

Young people are held back from reaching their potential because of the undersupply of housing, a report has found.

Think tank the Institute for Public Policy Research has found 88 per cent of 18- to 30-year-olds want to own a home in 10 years time, but only 51 per cent of those that are currently renting believe they will be able to do so.

The report, entitled No Place to call home, states: ‘The clear message from our research was that the undersupply of housing is holding young people back.

‘For many young people, their housing situation negatively affects their ability to reach their own meaningful life goals.’

It also says the anxiety and stress of not having housing stability lead to constraints on young people forming families and relationships.

People interviewed for the research also felt unsafe living in areas they did not want to live in and many renters showed ambivalence to investing in a community.

The IPPR research concluded type, quality, size, cost and location of housing played a major role in either supporting or preventing young people from making a success of their lives and fulfilling their aspirations.

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