9 May 2018

The second difficulty is searching for the right home (37% vs 39%), followed by providing a down payment (34% vs 35%).

Receiving finances for a home purchase is the main issue for 20% of respondents, and 9% name their debt or bankruptcy.

The most significant issue for future first-time buyers is saving for a down payment, especially in regions with a high rent.

According to the report, a third of respondents are renting today, meanwhile trying to save for a down payment, and 29% believe renting is a cheaper option.

In the same time, interest rate increases are not stopping most of the buyers.

It turns out that 40% say the central bank’s rate rises didn’t affect their buying plans, but 26% had to postpone their purchase. Moreover, 18% now say the rate hikes made it impossible for them to buy a property.