‘Singling In On First Time Buyers’
‘Singling In On First Time Buyers’
New research published this week has revealed an interesting trend that, for the first time in history, single people outnumber married couples as first time property buyers.
Mortgage provider Santander have identified that over the last 5 years 37% of first time buyers were single, compared to 29% who were married. This is a stark contrast to the 1970s when 85% of first time buyers were married.
Santander said it was “surprised” at the findings, adding though, “…this means some 716,400 people waited to find their spouse before taking the first step towards home ownership, showing traditional values die hard.”
Estate agents and letting agents will certainly be pleased that there is increasingly a more pragmatic approach to property buying and investment, less influenced by social factors and more on modern lifestyle aspirations.
One Comment on “‘Singling In On First Time Buyers’”
This is surprising. You would have thought that with combined salaries would make it easier to step onto the property ladder. I can’t see this trend lasting for very long.