View more on these topics

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.”

Recommended

Fos warns on Isa admin errors

Firms making technical errors resulting it clients missing out on Isa deadlines should in some cases pay compensation, even if there is no quantifiable loss, says the Financial Ombudsman Service.In this month’s Ombudsman News, the FOS says it sees a number of disputes arise from errors of administration and sets out case study examples of […]

Risk-free path to pensions is a myth

Robin Geffen, Fund Manager and CEO Are you taking enough risk? Robin Geffen, Founder of Neptune and Manager of the top performing Global Alpha Fund, discusses the importance of accepting enough volatility in planning for retirement. Click here to read the full article Important information Investment risks The value of an investment and any income from […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com