Average first time buyer age reaches 34

The survey, which compares attitudes today with those of 30 years ago, also shows 76% of consumers see first time buyer affordability as worse than before as house price inflation has risen 1,436% over 30 years. The proportion of homeowners buying with a spouse has decreased since 1977 from 80% to just a third today. Almost 30% of first time buyers today buy alone, almost double the figure in 1977. More than 51% of all first time buyers now receive some form of financial support from parents or grandparents. Gerry Bell, head of mortgage marketing at GE Money Home Lending, says: “Our an...