18 Jul Equity and value appreciation are the main benefit of home ownership
Appreciating value and equity build-up are the main benefits for home owners in the UK according to a new survey.
Almost half, some 46% overall rated these benefits, according to the study from BLP Insurance, a specialist residential warranty and commercial latent defects insurer. It was higher for those aged 55 and over at 56% compared with 35% of 18 to 34 year olds and 45% of 35 to 54 year olds.
Other popular benefits included inheritance and legacy for children at 42%, not having to share living spaces with strangers or housemates at 41% and ownership being a reflection of ambition and success for 30%