Numbers of single purchasers has decreased

In their latest news report published yesterday by MyHomeMove.com research revealed that the number of homes bought by ‘single’ purchasers has fallen by an average of 4% over the past five years, approx 10,000 transactions per year.

 
Home buying couples, friends and those purchasing in groups, now account for approx 60 per cent of residential transactions a year.

Commenting on these figures Doug Crawford, CEO of My Home Move said, “With the continuing rise in property prices over the past few years, it is not surprising that the number of people buying on their own has decreased. However what is interesting is the rise in the number of people buying as ‘tenants in common’ and in particular those with ‘unequal shares’, highlighting a growing trend in the way people are affording properties by buying as a collective.” more….

To read the My Home Move news report in full and all the comments by Doug Crawford click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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