9 May 2025
Average Age of a First Time Buyer in the UK
The average age of a first-time buyer in the UK is 33 years old, this is two years older than 10 years ago when the average age was 31 years old.
This of course is understandable with managing the cost-of-living and challenges within the economy such as high interest rates making it difficult to get onto the property ladder.
The area in which buyers are looking has a big impact on age. In 2024, the average age of those buying their first property in Yorkshire and Humber was 29 years old, whereas London the average age was 33 years old. Specific areas differ, for example, Sutton in South London and Slough, Berkshire, the average age was higher at 38 years old.
However, it’s not all negative news, in fact quite the opposite. There was a total of 341,068 first-time buyers in the UK last year which is a 19% increase from 287,060 the previous year in 2023.
The average nationwide property price for a first-time buyer in 2024 was £311,034 which was an 8% increase from £288,136 from 2022.
Below are the average ages of first-time buyers over time, and by region:
| Year | Average age of first-time buyer outside of London |
| 2024 | 33.5 |
| 2023 | 33 |
| 2022 | 33.4 |
| 2021 | 32.1 |
| 2020 | 31.8 |
| 2019 | 32.1 |
| 2018 | 32.6 |
| 2017 | 33.1 |
| 2016 | 32.3 |
| 2015 | 32.5 |
| 2014 | 31.8 |
| Age | Region |
| 33 | East Midlands |
| 33 | London |
| 32 | East Anglia |
| 32 | North West |
| 32 | Scotland |
| 32 | South East |
| 32 | South West |
| 32 | Wales |
| 32 | West Midlands |
| 30 | North England |
| 29 | Yorkshire & Humber |
Despite first-time buyers being older, TSB has reported that more people are getting on the property ladder without the need for financial help.
Sources: This is Money, Mortgage Introducer, Finder.
Recent posts
A welcome change in school is coming as financial literacy is due to become compulsory in schools in England.
The Government has announced that as part of the new national curriculum, children in primary and secondary education will be required to learn about budgeting, compound interest, managing money, and mortgages.
The top 10 most beautiful villages in the world
14 days ago
Forbes has published a global ranking of stunning locations and one popular picturesque corner of the UK has nabbed top spot.
Over three years after the Mini-Budget took place, we look at what the mortgage market looks like now, showing the difference in mortgage repayments.
The government has announced plans to make buying or selling a home cheaper and quicker with what is being called the “biggest shake-up to the homebuying system in this country’s history.”
More borrowers using equity release
1 Oct 2025
Almost one in five equity release mortgages are now taken out to provide financial support to family.
Buyers purchasing properties sooner
29 Sep 2025
According to industry data, the expected wait for those looking to buy a property has dropped from just over 11 months to less than six months.
It is common for your first mortgage payment to be higher than your subsequent monthly payments for two reasons.
What to do just before you get your keys
24 Sep 2025
Firstly, a big congratulations, you’ve now exchanged contracts! After weeks and months of waiting, you are about to move in. What should you do first?
More information
Trusted by
