Posts tagged ‘twitter’
The average age of a first time buyer in London is 52, according to new research.
The findings caused an outrage on Twitter.
The research by Nutmeg also suggested the average age of a first time buyer in the south east is 48 and 45 in the south west. It is 35 in both the north east and north west.
The figures include those returning to the market alone, having previously held joint ownership of a property – such as divorcees.
It follows the launch of the Government’s Help to Buy initiatives to assist first time buyers – and those moving home – with small deposits of as little as 5 per cent of the value of a property.