US EditionPublished • loading... • Updated
Average Age of First Time Buyer Climbs to 34
The average age of first-time buyers in the UK rose from 29 to 34 since 1994/95, with 52% now relying on multiple incomes, reflecting affordability and demographic shifts.
- Analysis shows the average age of a first-time buyer has risen to 34, up from 29 since 1994/95, and only 6% are now under 25, according to Skipton Group's Home Affordability Index.
- Demographic shifts and affordability are central drivers as house prices have risen faster than incomes, rental growth has constrained saving, and more people delay milestones, Aneisha Beveridge said.
- Survey respondents said they'd move or accept trade-offs to buy, with 79% willing to compromise and 72% considering relocation around 12 miles or more.
- Dependence on multiple incomes has risen, with 52% of recent buyers using two or more full-time salaries, while longer mortgage terms mean a typical 2026 buyer will repay until roughly 65.
- Charlotte Harrison, CEO of home financing at Skipton Building Society, warned the market looks very different for first-time buyers, urging lenders to evolve products and support customers in the months and years ahead.
Insights by Ground AI
48 Articles
48 Articles
Average first-time buyer age rises to 34 in England as affordability crisis deepens
The typical age for purchasing a first property in England has climbed to 34, marking a significant shift from the mid-1990s when buyers were on average just 29-years-old. The findings come from Skipton Group's annual home affordability index, which tracks the mounting obstacles facing those attempting to enter the property market.Government statistics confirm this upward trend has been building for some time, with the average age remaining abov…
·London, United Kingdom
Read Full Article
Coverage Details
Total News Sources48
Leaning Left1Leaning Right3Center31Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
Factuality
To view factuality data please Upgrade to Premium
