Understanding the Shifting Age of First-Time Buyers

Understanding the Shifting Age of First-Time Buyers

For property owners and landlords, the latest insights on the average age of first-time buyers reveal a surprising trend.

While it’s often assumed that the age of first-time buyers has significantly increased over the last two decades, the data tells a different story. 

In the UK, excluding London, the average age of a first-time buyer has only risen from 30 years and 7 months in 2005 to 33 years in 2023. In London, traditionally known for its high property prices, the age has increased from 32 years in 2005 to 35 years and 4 months today.

This modest rise reflects a resilient market where buyers are still entering the market earlier than many might expect, despite economic challenges.

This stability suggests continued demand for properties, making it an opportune time for landlords and property owners to consider their home ownership and investment strategies.

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It can be devastating to get the call from your agent to say your buyers have pulled out. This article offers a helpful insight into what you can do to get your move back on track.

Are you a Shepperton homeowner considering a move in the next six to twelve months? Perhaps you're a buy-to-let landlord weighing up whether to expand or streamline your portfolio? Or maybe you’re a first-time buyer wondering if now is the right moment to take the plunge?

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Last week, the Bank of England's interest rate dropped to 4.5%, marking its third cut in under a year. This decision follows a previous reduction in November 2024, with the rate remaining unchanged in December.