For many people owning their own home is a dream they are determined to make a reality.While older generations are likely to have purchased a home at a young age, today’s 18-34 year olds ...

For many people owning their own home is a dream they are determined to make a reality.

While older generations are likely to have purchased a home at a young age, today's 18-34 year olds find themselves in a very different position.

Since the recession in 2008, people have taken extra steps to save money for a deposit. A recent survey has highlighted some of the most common steps that young prospective homebuyers are taking.

Sacrifices made to get onto the property ladder:

1. Cutting down on socialising and seeing friends- 47% 2. Going without holidays - 44% 3. Don't go for meals out - 42% 4. Taking on another job or extra shifts at work- 34% 5. Cutting down on essentials like food or heating - 29% 6. Giving up expensive hobbies- 21% 7. Walking instead of taking the car or public transport- 21% 8. Moving back with parents or a relative - 19% 9. Selling possessions- 14% 10. Putting a wedding on hold - 7% 11. Sub-letting a flat, share a room with a friend or stranger – 6% 12. Asking friends and family for money – 6% 13. Partner has had to return to work - 4%

14% of those who were asked said that they were actively saving for a property without making any sacrifices