This statistic illustrates the share of current homeowners, who reported having received financial assistance from family members or friends towards the purchase of a house in the United Kingdom (UK) as of 2019, broken down by age. It can be seen that 62 percent of homeowners under the age of 35 had financial help from family and friends when purchasing a home. In comparison, only seven percent of homeowners over the age of 55 received similar financial help with purchasing a property.
Share of current homeowners that received financial assistance from family or friends for home purchase in the United Kingdom (UK) in 2019, by age
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Legal & General . (August 16, 2019). Share of current homeowners that received financial assistance from family or friends for home purchase in the United Kingdom (UK) in 2019, by age [Graph]. In Statista. Retrieved August 15, 2022, from https://www.statista.com/statistics/705539/family-friends-financial-help-with-house-purchase-by-age-homeowners-united-kingdom-uk/
Legal & General . "Share of current homeowners that received financial assistance from family or friends for home purchase in the United Kingdom (UK) in 2019, by age." Chart. August 16, 2019. Statista. Accessed August 15, 2022. https://www.statista.com/statistics/705539/family-friends-financial-help-with-house-purchase-by-age-homeowners-united-kingdom-uk/
Legal & General . (2019). Share of current homeowners that received financial assistance from family or friends for home purchase in the United Kingdom (UK) in 2019, by age. Statista. Statista Inc.. Accessed: August 15, 2022. https://www.statista.com/statistics/705539/family-friends-financial-help-with-house-purchase-by-age-homeowners-united-kingdom-uk/
Legal & General . "Share of Current Homeowners That Received Financial Assistance from Family or Friends for Home Purchase in The United Kingdom (Uk) in 2019, by Age." Statista, Statista Inc., 16 Aug 2019, https://www.statista.com/statistics/705539/family-friends-financial-help-with-house-purchase-by-age-homeowners-united-kingdom-uk/
Legal & General , Share of current homeowners that received financial assistance from family or friends for home purchase in the United Kingdom (UK) in 2019, by age Statista, https://www.statista.com/statistics/705539/family-friends-financial-help-with-house-purchase-by-age-homeowners-united-kingdom-uk/ (last visited August 15, 2022)