Is number up for Millennials?
The average first time buyer in 1960 was aged just 23 years of age. Today that figure has increased to just over 30.
In 1960 the average deposit was £595, the equivalent of £12,738 today whereas in 2018 the first time buyer needs a deposit of around £20,000.
The findings are in a new report commissioned by Keepmoat homes. It also found that homebuyers in the 1960s spent just over two years saving for a deposit – a figure which has risen to more than five years today.
You can find out more details at http://www.independent.co.uk/property/first-time-buyer-age-increase-1960s-housing-market-cost-property-ladder-a8244501.html