First-time buyers hit seven year high

9th January 2015

A Halifax report has found that the number of UK first-time house buyers rose 22% to 326,500 last year, a seven year high. The average price of a property acquired by a first-timer climbed to £171,870 – up 9% compared with a year ago, while the average deposit fell 7% to £29,218. Additionally, the bank found that the average age of such a buyer was 30, up from 29 in 2011. The average age of a first-time buyer in London, however, was 32.

The Guardian, Page: 26   Daily Mail, Page: 22   Yorkshire Post, Page: 4   The Scotsman, Page: 2