Landlord Basics

Property Types Witness A Shift In Buyer Interest

A recent survey by mortgage provider Halifax has revealed that our preferences towards what type of property we want to invest in has changed.

During their research, Halifax found that despite their property values increasing over the last 10 years, since 2000 the number of detached property sold has dropped by 6% to only 15%.

And examining these figures it would seem that first time buyers have got a lot to do with this…

Since 2007, flats have progressively grown less popular amongst first time buyers accounting for only 24% of property sales instead of 36% 3 years ago.

On the other end of the scale, semi-detached properties have generated 7% more sales – up from 20%.

Discussing this change in property focus, property experts feel this shift is partially due to the decline of the family unit.

For instance, in the last 10 years the number of property investments containing a married couple has fallen from 48% to just 41%; whilst the number of single person properties has increased by 3% to 33%.

Fortunately property developers have quickly caught onto this trend amongst property owners:

• The proportion of new one bedroom property developments built has risen from 7% to 13%
• The number of new 4 bedroom+ property developments built since 2000 has fallen by 15% to 17%

Related posts:

1. Property Supplies Outstrip Buyer Interest
2. First time buyer levels make up less than a quarter of buyer numbers
3. Homeowners Witness 6% Property Cost Drops
4. Retired Property Owners Witness Equity Growths
5. Rental Prices Witness Two Year High

Tags: first time buyers, property developers, property development, property experts, property sales, property value

This entry was posted on Friday, September 3rd, 2010 at 8:45 am and is filed under buy property, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.