You are here: Home - Mortgages - First Time Buyer - News -

Average first-time buyer age ‘remains unchanged for a generation’

Written by:
The age the average Brit buys their first home has remained unchanged for three decades at 27, according to new research.

Despite 90 per cent of people thinking it’s impossible for young adults to get on the property ladder, those who do are not doing so any later in life than their parents did a generation ago, the study by online estate agent found.

It comes as two-thirds of Brits fear they’ll never be homeowners, with 58 per cent citing the high price of houses and a third blaming mortgage lenders for making it difficult to borrow.

One in four people surveyed (38 per cent) described the UK property market as “in crisis” while a third (33 per cent) labelled it “unsustainable”.

Parents also expressed their worries for their kids with six in ten (59 per cent) saying they feared their children would never get on the property ladder.

Ben Bailey, a spokesperson for, said:“We often hear of younger people’s fears that they won’t be able to buy a home, but’s research shows that the dream of home-ownership is still within their grasp.

“At 27, the first-time buyers of today are exactly the same age their parents were when they took their first steps on the property ladder 30 years ago.”

Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Pension credit deadline looming

Retirees have been urged to check whether they can make a backdated claim for Pension Credit before the 13 August...