More than 80 per cent of people aged between 18 and 25 believe property is still a good long-term investment, according to new research.

Of those asked, 84 per cent of people in that age range agreed with the statement and, in terms of their priorities in life, one in three put owning their own home above getting married, having children and a successful career.

The survey of 1,000 would-be homeowners was carried out by housebuilder Taylor Wimpey.

It reveals one in five Brits are living with their parents more than a decade longer than they intended to instead of getting onto the property ladder.

Eight out of 10 young people said they had less freedom living at home and 70 per cent admitted it had an adverse affect on their love life.

More than two thirds also felt that their relationship with their parents would be better if they moved out.

TV property guru Phil Spencer, pictured, said the research highlighted the challenges faced by those trying to get on the property ladder, but insists that there is light at the end of the tunnel.

"Make sure you have a proper savings plan in place, consider buying with friends or family and find out about the range of schemes from the government and housebuilders, which means you may only need to save a five per cent deposit," he said.