Singles market soars

Sept. 1, 2002
<b></b>Housebuilders are being urged to be ready to satisfy the growing demand for single person households following new research revealing a big growth in this sector.<br><b>But housebuilders in turn have warned that building for single people does not equate to merely building one or two-bedroom homes.</b><br><b>Halifax research has found that 40% of home buyers were single in 2001, compared with 25% in 1983. The rise is being attributed in particular to the increasing numbers of singletons among young adults and the elderly, with the trend particularly marked among women. </b><br><b>The proportion of single women buying their own home has risen from 8% to 15% in the past two decades. </b><br><b>The increasing tally of unmarried Britons has also led to a rise in the number of singleton home owners, and with marriages coming later in life, and divorces on the increase, there are more single people on the property market. &amp;“It is imperative that planners and builders take account of this when deciding what types of properties to build and where to build them,&amp;” said Halifax economist Mark Ellis. &amp;“It&amp;’s no use building three or four bedroom houses when the demand is for one or two bedroom houses and flats.&amp;” </b><br><b>The …

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