Nested.com reveal the UK’s First-Time Buyers Age Index
First-Time Buyers Age Index: New research by pioneering online estate agent Nested.com today reveals that home-buyers in Edinburgh are the last to get on the property ladder across the UK while those in Sheffield find a foothold first.
Their inaugural First-Time Buyers Age Index discovered that house-hunters are 30 before they snap up a home in the Scottish city – while at the other end of the scale their counterparts in South Yorkshire purchase property seven years earlier – at the ripe age of 23.
nd while London is often seen as a no-go-zone for first-time buyers, the city has emerged as having some of the youngest in the country – with an average age of 26.
Residents of Leicester are the second oldest to get on the property ladder – at 29, with Brighton in third place alongside Glasgow and Cambridge at 28.
|Age when buying first home||Location|
|28||Brighton, Glasgow, Cambridge|
|27||Plymouth, Belfast, Nottingham, Bristol, Newcastle, Norwich, Birmingham|
|26||London, Leeds, Manchester|
|25||Cardiff, Oxford, Liverpool|
It comes as Nested.com’s nationwide research also discovered that we expect to own and live in between two and three (2.5) properties throughout our lifetime.
Leicester residents top the scale – by setting their sights in living in over three (3.3) homes while Belfast natives are least optimistic about moving – saying they expect to own and live in just one (1.4) home over their lifetime.
Nested.com’s spokesperson Ben Bailey commented:
“Our inaugural First-Time Buyers Age Index provides a fascinating snapshot of today’s home-buying habits by revealing that house-hunters in the Capital are getting on the property ladder at a younger age than many would imagine. Our research also highlighted that two thirds of Brits (67%) fear they’ll never be home-owners yet we’ve demonstrated that the average age of a first-time buyer in the UK is 27, which has remained unchanged in a generation.”
Kindly shared by Nested.com