Chepstow | 01291 626262
Usk | 01291 672212
Ross-on-Wye | 01989 768484
Monmouth | 01600 713030
Newport | 01633 449884
Forest of Dean | 01594 715888
Associated Park Lane Office
0203 368 8745
Seven-year age gap
between FTB’s across UK
Recent research by Halifax has revealed a seven-year age difference in First
Time Buyers depending on where they live.
According to the lender the national average is currently 30, but they
say this figure hides the disparity between the oldest and youngest groups buying
a property for the first time.
The report found thast the youngest First Time Buyers, at 27 years old,
were in parts of Cumbria and South Wales. In areas such as Slough and some
London boroughs on the other hand, the average had risen significantly to 34.
This data reveals a link between younger buyers and areas with lower
property prices, where the house price to earnings ratio is below the national
average. Saving for a deposit is therefore a more realistic and more affordable
prospect.
By contrast, areas with the oldest buyers are nearly all in the South
East, where the price to earnings ratio is nearly double the national average.
It’s no wonder that so many First Time Buyers need help getting on to the property ladder, and that in the meantime Generation Rent continues to dominate so many parts of the UK.
Chepstow | 01291 626262
Usk | 01291 672212
Ross-on-Wye | 01989 768484
Monmouth | 01600 713030
Newport | 01633 449884
Forest of Dean | 01594 715888
Associated Park Lane Office
0203 368 8745
We are fortunate to sell and let a huge variety of property in one of the most beautiful regions of Britain. Set within glorious unspoilt countryside straddling the English Welsh borders are picturesque villages.