Understanding the Shifting Age of First-Time Buyers
For property owners and landlords in Scotland, the latest insights on the average age of first-time buyers reveal a surprising trend
Understanding the Shifting Age of First-Time Buyers
For property owners and landlords in Scotland, the latest insights on the average age of first-time buyers reveal a surprising trend. While it’s often assumed that the age of first-time buyers has significantly increased over the last two decades, the data tells a different story.
In the UK, excluding London, the average age of a first-time buyer has only risen from 30 years and 7 months in 2005 to 33 years in 2023. In London, traditionally known for its high property prices, the age has increased from 32 years in 2005 to 35 years and 4 months today.
This modest rise reflects a resilient market where buyers are still entering the market earlier than many might expect, despite economic challenges. For those in Scotland , this stability suggests continued demand for properties, making it an opportune time for landlords and property owners to consider their home ownership and investment strategies.