The average age of first-time house buyers varies greatly across the UK. In London, people have become used to waiting until their thirties or later, but the youngest first-time buyers are in Carlisle, aged 27, according to Halifax. Nationally, the average age is 30, which is just two years higher than when records began in 1983. Government schemes and help from parents are thought to have prevented further increases in this age at which people can start on the housing ladder. However, several factors are still pushing house prices upwards.
- The youngest first-time buyers in the UK are in Carlisle, north-west England, and Torfaen, in south Wales, with an average age of 27.
- The top 10 areas with the oldest first-time buyers are all in the south-east of England, including Slough, Barnet and Ealing, where they are 34.
- The average age of a first-time buyer has risen just two years since 1983, despite the fact that the average house price has risen 733% over the same period.
“The average age of a first-time buyer has risen just two years since 1983 when Halifax’s records began, despite the fact that the average house price has risen 733pc.”