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Most first time buyers are single

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by David Masters
Most first time buyers are single

Single people now outnumber married couples as first time buyers, according to new research published this week.

Mortgage provider Santander found that over the last five years 37% of first time buyers were singletons, compared to 29% who were married.

This is the first time single people have outnumbered married couples as first time buyers.

In the 1970s, 85% of first time buyers were married.

Santander said it was “surprised” to find that 29% of first-time buyers are single.

“This means some 716,400 people waited to find their spouse before taking the first step towards home ownership, showing traditional values die hard,” the mortgage provider said.

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News posted: June 3, 2010

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