Manya Rathore
Research expert covering India
First-time home buying in the United Kingdom - statistics & facts
With the average house in the United Kingdom (UK) costing over 256,000 British pounds as of March 2021, it is probably no surprise that the average age of a first time buyer in the UK was 31 years old. In certain regions, such as Greater London and South East, buying your first home can be especially challenging because of the substantially higher average house prices. So how has the number of first time buyers developed in recent years? Since the Great Recession, the number of people who bought their first home in the UK increased but the growth rate slowed down in recent years. In 2020, largely due to the coronavirus (COVID-19) crisis, the number of first time buyers fell below 2016 levels.
