The average first-time buyer is now 34 years old 🏡📈 Getting on the property ladder is taking longer than ever, with the average age of a first-time buyer now reaching 34, according to new research. That's up from around 29 years old in the mid-1990s, highlighting how much harder it has become for younger generations to buy a home. Rising house prices, larger deposit requirements and higher living costs mean many buyers are waiting longer, relying on dual incomes or financial help from family to secure their first property. More than half of first-time buyers now depend on two full-time salaries, while many also receive support from parents. For many young people, owning a home is no longer
The average first-time buyer is now 34 years old 🏡📈 Getting on the property ladder is taking longer than ever, with the average age of a first-time buyer now reaching 34, according to new research. That's up from around 29 years old in the mid-1990s, highlighting how much harder it has become for younger generations to buy a home. Rising house prices, larger deposit requirements and higher living costs mean many buyers are waiting longer, relying on dual incomes or financial help from family to secure their first property. More than half of first-time buyers now depend on two full-time salaries, while many also receive support from parents. For many young people, owning a home is no longer a goal for their twenties — it's becoming something they don't achieve until their mid-thirties. #ThisIsMoney #Money #News #UK ♬ original sound - 𝓴𝓸𝓭𝓲𝓮𐙚⭑ - kodie
