First-time Buyers Almost Doubled In A Decade

For first-time buyers, house prices have risen by more than 50% in the last ten years…

First-time Buyers Almost Doubled In A Decade

The growth of Generation Rent, not able to make large deposits is well documented.

🏠 Nonetheless, the number of first-time buyers has increased by more than 90% in that time.

🏠 In 2021, over 400,000 first-time buyers were recorded.

🏠 Simultaneously, we have seen historic low levels of available inventory, implying a complete supply and demand mismatch.

🏠 During this period, the East Midlands experienced one of the highest increases in the number of first-time buyers, with a rise of more than 130%.

Given the size of the deposit required, it’s no surprise that London saw the smallest increase (just over 80%)…

Data: Stipendium