Wednesday, 10 October 2012

Buying first home at 33

As David Cameron said, the typical (meaning the median not the average) age of someone buying a home for the first time, without help from family or friends, has gone up from 30 to 33 in recent years.

The typical age of the first time buyer, assisted or unassisted, has stayed remarkably steady at 29.

Which suggests that parents and others are being called on to give more help.

Here is the latest analysis on the subject from the Council of Mortgage Lenders.

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