31 the average age which Scots think they can afford to buy a house
The average age which Scots living in rented accommodation think they’ll be able to buy their first house is 31, according to research published by Spark Energy.
The survey, which was issued to people living in rented accommodation across the UK, found that most Brits thought age of 33 would be the year they step onto the property ladder.
However, 16 per cent of respondents in Scotland (16.4 per cent) don’t believe they will ever be able to raise the money to buy a home.
In Glasgow, 11.1 per cent of renters don’t think they’ll be able to afford their own property with the figure rising to 20 per cent in Edinburgh.
The average age for hoping to buy in Glasgow and Edinburgh is 32 and 31.
A staggering 65.7 per cent of renters would pay extra each month to live with the ‘perfect flatmate’, with the average tenant willing to pay £1,147.80 per year if it was possible.
The research was commissioned by Spark Energy, the specialist energy supplier for the lettings industry.
Shaun Burnett, Spark Energy’s Director of Customer Experience, said: “Our flatmate survey has revealed a number of interesting insights about the perceptions and attitudes of Scots living in rented accommodation.
“We’ve identified that 31 years old is the average age a Scot thinks they’ll be able to buy their first property and that around 16 per cent see it as too expensive.
“The high percentage of people willing to spend more to live with the perfect cohabiter is quite the revelation and something which could become a trend.
“This information is really useful to our business through our focus on the rental sector, helping us to know customers which can only be beneficial to the service we can offer.”
Some of the other findings included:
Spark Energy is the leading supplier of energy for the lettings sector, offering a service that’s specially tailored for people in rented accommodation. Based in the Scottish Borders, the company provides gas and electricity to over 275,000 customers across Great Britain.