"The enduring focus of London couples is now on home ownership over marriage, with figures showing 54% prioritizing a home deposit while only 0% focus on their wedding fund."
"The significant rise in housing costs and the cost of weddings—now averaging £20,700—has caused many couples to rethink their financial priorities and plans."
"A staggering 60% of Londoners have changed their life plans regarding marriage and homeownership due to the pressures of rising housing costs."
"With rising home prices and the average cost of a wedding, the focus for couples has shifted towards home ownership, reflecting changing societal norms."
Rising rent prices and stricter mortgage rules have led London couples to prioritize home ownership over marriage. A Zoopla study reveals that 54% of Londoners are focused on saving for a home rather than a wedding, with 26% considering postponing their nuptials. Additionally, 60% have altered their life plans due to financial pressures. The average wedding cost has soared to £20,700, further complicating the decision-making process amid high property prices, which average £552,000. Changing societal norms also contribute to this trend, particularly among younger generations.
Read at www.standard.co.uk
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