Over a third consider buying property with a friend

Jessica Nangle

July 5, 2017

Over a third (38%) of the UK would consider buying a house with a friend, a survey by online furniture retailer Furniture Choice suggests.

The biggest motive for this choice is being unable to afford a property on their own (54%) as well as not having a partner to buy with (42%).

One in three (35%) would rather live with a friend than on their own but still want the stability of home ownership.

The CML on Scotland’s housing market vs the rest of the UK

Before making the commitment of buying a property with a friend, 33% would want to be friends for three to five years before doing so.

Tom Obbard, director at Furniture Choice, said: “Adults nowadays are much more relaxed about the relationship between having a family and owning a house.

“High prices means it’s difficult to buy alone and it’s refreshing to see individuals turn to friends in order to get on the property ladder.”

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