View more on these topics

Big rise in single people buying homes

A dramatic increase in the number of single people buying houses is leading to a fundamental shift in UK housing demand, according to res-earch from Halifax.

The UK&#39s biggest lender says in 2001, single buyers accounted for more than four in 10 buyers compared with only a quarter in 1983.

In the medium to short term, however, the changes are not nearly as significant, with the 17 per cent fig-ure for single women remaining largely static for the last nine years and the 24 per cent figure for single men increasing by just 2 per cent in the last 12 years.

In London, one in every two buyers is single and in Scotland, 45 per cent of buyers are single. This is compared with 41 per cent for the UK as a whole.

Halifax Group economist Martin Ellis says: “The dramatic shift towards more and more homeowners buying on their own is set to continue over the next 20 years. It is, therefore, imperative that planners and builders take account of this when deciding what type of properties to build and where to build them.”

Recommended

The new world of with-profits

If the FSA goes ahead with its proposals for disclosure to consumers, part of its wide-ranging with-profits review, changes will be required to the way that with-profits products are sold. The effect will be on two levels – first, changes to the information to be provided at point of sale; second, changes in the way […]

OUTSIDE EDGE

What&#39s so funny about peace, love and understanding? OK, those are the words of Nick Lowe rather than Ron Sandler but I cannot help feel that the sentiment is similar. When Elvis Costello was blasting out that impassioned lyric the feeling was strong. Likewise it is difficult to argue with the bulk of Sandler&#39s assertions […]

&#39Investors set to stay in stockmarket&#39

Just 1 per cent of investors plan to decrease their exposure to the stockmarket despite consistent falls, according to the Association of Investment Trust Companies. Its research found that 90 per cent of investors intend to leave their money where it is, 4 per cent have not yet decided what to do and only 1 […]

Friends wins sole rights for Countrywide protection sales

Friends Provident has signed an exclusive distribution agreement for £25m with estateagency chain Countrywide in a bid to double its protection business. Countrywide has bought the 104 estate agencies in Southern England from Friends Provident for £21m. Under the terms of the deal, Countrywide, the UK&#39s biggest estate-agency chain, expects to get a further £250m […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment