Here are four myths busted by the IIS results.
Myth: House prices never fall
Fact: 30% of people in Europe recognise that property prices can go down.
Myth: Falls in property prices put people off buying a home
Fact: Even though property prices fell in the last five years, 73% of Europeans still think it’s better to buy than to rent. After all, emotion plays a big role in home buying.
Myth: Young people are much more likely to think homes are expensive
Fact: Age is almost irrelevant – under 25s are almost as likely as older age groups to say houses are expensive.
Myth: You’re on your own when you want to buy a home
Fact: 40% of homeowners in Europe got financial help from family or friends when buying their home.
This article is related to the ING International Survey: