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  • The home-buying process is getting an overhaul
  • The home-buying process is getting an overhaul
    ThoroughlyReviewed, Creative Commons (2017) ©
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How house-hunting has gone digital

Three-quarters of young Britons would like to buy their own property within the next five years, but the cut-throat nature of the market and the complexity of getting a mortgage may hinder their plans. How might the increasing digitisation of the real estate sector make home-buying less daunting?

Location United Kingdom

Scope
The cut-throat nature of the housing market and crippling student loans mean that property choices for Gen Y are far more limited than for their predecessors. Between 2003 and 2015, overall home-ownership in the UK declined seven percentage points, with a fall of 20 points among 25- to 34-year-olds. [1] What’s more, with 11 potential buyers for each available property in early 2017, the level of competition is fierce. [2]

Consequently, some are turning to alternative lifestyles to solve their accommodation problems; Diggers and Dreamers caters to those interested in communal living, while ...

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