For one in ten, getting on the property ladder is a decision they later regret because homeowners feel the sacrifice outweighs the benefits.
Long gone are the days of moving closer to the best schools and enjoying the ‘Waitrose’ effect, the harsh reality is it all comes down to affordability.
These first time buyers have been forced to move further away from family (40 per cent), friends (31 per cent) and work (28 per cent) right through to losing bedrooms (25 per cent) and their gardens (15 per cent).
As a result, many of these new home owners compromised their personal wellbeing and mental health in order to become a homeowner.
New research amongst 750 first time buyers from comparison website money.co.uk investigates the aftermath of these sacrifices.
Moving away from family and friends has been cited as the biggest regret for first time buyers.
These movers claim they now experience increased levels of stress (25 per cent), anxiety (19 per cent) and depression (8 per cent).
On average, these buyers had to move an average of 37 miles away from their family.
In a similar vein, 26 per cent of those who left their friends behind now feel lonely and isolated and 28 per cent have struggled to make new friends.
The number of adult children living with their parents has jumped 37 per cent in the past decade as house prices have soared.
An estimated 1.2m people aged between 25 and 34 still live at home, according to insurer Aviva.
The group said the sharp increase coincided with a 45 per cent hike in average house prices for first-time buyers.
If the current trends continue a further 452,000 young people will find themselves unable to fly the nest in the next 10 years, reports Zoopla.
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