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Singletons putting pressure on housing market

The growing trend for living alone is putting pressure on the housing market, says online mortgage company mform.co.uk.

Latest research by the firm says 26.2 per cent of homes bought in the last three years were by singletons but for those people planning to purchase a home over the next six months, 39.86 per cent are living alone.

This trend is set to continue as more people decide to live alone.

Some 10 per cent of 25–44 year olds now live alone compared with just 2 per cent in 1973 and by 2021, 35 per cent of all households in the UK are expected to be solos.

mform.co.uk marketing and business development director Francis Ghiloni says: “If more of us decide to live alone, that means more demand for property which will place greater pressure on prices making it more expensive to own a home. This will be made all the worse by the fact that there is a growing shortage of homes in the UK.”

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