Savings accounts should be pretty high on young people's agendas if they want to achieve their property goals.
According to recent research from Clydesdale Bank, 19 per cent of children in the UK are hoping to own their dream home by the age of 25, while 68 per cent believe that they will own their ideal house by 35.
However, with 33 per cent of youngsters estimating that their perfect property will cost between £500,000 and £1 million, savings accounts will have to start filling up soon.
Steve Reid, retail director for Clydesdale Bank, commented, “As any parent knows, children can be very ambitious and it's always refreshing to hear about their hopes and dreams, however optimistic they may be.
“With 59 per cent of kids hoping for a swimming pool and 25 per cent wanting their own private theme park within the grounds, it is unsurprising that over a third of children (41 per cent) think that their dream home will set them back in excess of £500,000.”
Mr Reid urged parents to take their children to a local bank in order to discuss their savings accounts.
