General Article Beyond the bricks

Topic Selected: Housing
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The meaning of home.

Some 76% of people who do not own their own home expect to do so in the next five years. Beyond the Bricks is HSBC’s international study on home ownership, providing insights into how people really feel and behave when buying, renting and owning their own home.

This extract represents the views of more than 9,000 people in nine countries and provides a snapshot of some of the key research findings about millennials’ home ownership prospects, the changing role of the home, and the pitfalls of budgeting, around the world.

 

Millennials and home ownership

Is the dream dead?

Millennials’ home ownership ambitions are alive and kicking, but growing affordability challenges look set to defer the dreams of many.

Two in five (40%) millennials around the world own their own home. However, there is significant variation between countries.

Among millennials who don’t own, more than four in five (83%) intend to buy a home in the next five years.

But with 64% of millennials w...

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