Young men leading the way in homebuyingYoung men are now leading the way in the UK housing market, according to a new survey published by Post Office Mortgages.
The poll revealed that over a third (36 per cent) of males aged between 18 and 34 are planning to buy a home in the near future, compared to 32 per cent of young women.
On average, young men are not only keener to get onto the property ladder, but they also expect to save more of a deposit - 18 per cent compared to women who anticipate they will save a 14 per cent deposit.
Even though young men are hoping to get onto the property ladder it emerged that women are more likely to make sacrifices to own a home.
Mike Cook, head of mortgages at Post Office, said: "Our research also shows it is younger women who are willing to compromise to get onto the housing ladder. Whilst young men prefer to buy their new "bachelor pad" completely furnished, young women are happy to take on a DIY project."
First time buyers in the Birmingham area can purchase their own luxury apartment at Taylor Wimpey's Highfield Gardens development.