Single living total 'set for 2m rise' - buy to let mortgages

20 March 2009

The next decade will see two million more people living in single person households in the UK, research has predicted.

Such a finding has come from Lloyds TSB insurance and may continue a trend that has seen single professional women dominating this increase, according to TV presenter and co-owner of Uber Interiors Melissa Porter.

"It used to be men and elderly people, but actually there is a big rise in professional women living alone, aged between 25 and 44, for various reasons," she commented.

Such a trend may have implications for those seeking buy to let mortgages, as it could indicate that accommodation for single people that is suited to women is more likely to see higher demand.

The number of single person households in the UK doubled between 1971 and 2001, the Lloyds TSB Insurance research found.

An increase was also revealed in the last census, which showed that the proportion of single person households climbed from 26.1 per cent to 30 per cent between 1991 and 2001.