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Young 'give up dream of owning their home'

Half of people think Britain will become a nation of renters within a generation as young people give up on the dream of home ownership, a study has suggested.

Around 77% of people who have not yet got on to the property ladder said they still aspired to buying their own home, according to Halifax. Instead, 46% of 20 to 45-year-olds said they thought Britain was becoming more like Europe, where renting is seen as the norm.