Since 2011, the average age of British citizens buying their first home in the United Kingdom (UK) increased by two years. In 2011, the average age for the country was 29, while in 2024, it reached ** years. Nevertheless, the average age varied in different regions.

In 2024, the average age of recent first-time buyers in London was slightly higher than the England average. Across the UK, first-time buyers accounted for approximately ******* home sales. First-time buyer prices and mortgages In London, the average value of a mortgage for first-time buyers was far higher than all other regions in the UK. Apart from the initial cost of a down payment, those that can afford to, see monthly payment savings against those renting. In certain parts of the country, annual savings of buying against renting saw first time buyers amounted to over ************ British pounds. Help to buy To encourage first-time buyers, the UK government started the "Help to buy" scheme. The scheme sees people saving for a first-time home receive a ***********bonus to their savings when purchasing a house valued at ******* British pounds (******* British pounds in London). Between December 2015 and March 2018, the North West of England saw the highest number of Help to buy ISA bonuses paid.

Approximately ** percent of Americans aged 26 to 34 who bought a home were first-home buyers, whereas ** percent of home buyers between 35 and 44 bought their first home in that year. Gen Z and Millennial first-time buyers It is no surprise that many Gen Z (18 to 24 years old) and Millennial (25 to 43 years old) home buyers are mostly first-time home buyers. These home buyers are in the early stages of their careers, or still studying in some cases, and often struggling to repay student debt, so they need to save for many years before they afford a down payment. When do they sell? These generations tend to stay in their first homes for several years, which means that the majority of home sellers are older than them. The share of income needed to afford a trade-up home is significantly lower than the money needed for a starter home. A trade-up home is a larger and more expensive home, which homeowners often buy after living in their starter home, or their first home, for several years. This progression generally happens when homeowners have climbed the career ladder and increased their incomes.

Data on resident buyers who are persons that purchased a residential property in a market sale and filed their T1 tax return form: number of and incomes of residential property buyers, sale price, price-to-income ratio by the number of buyers as part of a sale, age groups, first-time home buyer status, buyer characteristics (sex, family type, immigration status, period of immigration, admission category).

Home buyer statistics from 100+ million applications showing generational differences in loan amounts and down payments by Homebuyer.com.

Comparison of average income, loan size, purchase price, and loan-to-value ratio across all age groups.

Graph and download economic data for Consumer Unit Characteristics: Percent Homeowner by Age: from Age 25 to 34 (CXUHOMEOWNLB0403M) from 1990 to 2023 about consumer unit, age, homeownership, 25 years +, percent, and USA.

The most frequently occurring DTI range for home buyers in each age group.

The number of bonuses paid out compared to the number of total property completions by age group in the United Kingdom (UK) in the 'help to buy' scheme between December 2015 and June 2023 varied by age group. Those aged between 25 and 34 years old used the help to buy scheme and received bonuses as well as making property completions far more than any other age group; 25 to 34 year old's received over 482,231 bonuses and made approximately 370,120 property completions.

Nearly one out of four European consumers who were tenants in 2019, believed they would not be able to buy a home in the future. This belief was especially shared in the Netherlands, Belgium, Germany, France, and the UK. However, those who did expect to eventually become first-home buyers believed it was more likely to happen once they passed the age of **. Indeed, in 2019, roughly ** percent of European respondents believed they had to wait until they were older than ** to be able to buy a property.

Percentage of home buyers using conventional, FHA, VA, and USDA mortgages across different age groups.

Data on resident buyers who are persons that purchased a residential property in a market sale and filed their T1 tax return form: number of and incomes of residential property buyers, sale price, price-to-income ratio by the number of buyers as part of a sale, age groups, first-time home buyer status, buyer characteristics (sex, family type, immigration status, period of immigration, admission category).

Distribution of down payment amounts showing the percentage of buyers in each range across age groups.

Age of Applicant NFBP, Purchase, Closed-End, First Lien ARM Share by Age 35-44 768,115 7.0% 25-34 962,284 5.1% 45-54 453,331 6.5% 55-64 304,683 6.2% 65-74 154,850 6.1% <25 193,899 3.0% 75+ 47,866 5.4%

Americans who plan to buy a home upon their next move stood at ** percent, according to a national representative survey conducted in August 2025. Historically this figure has fluctuated between ** and ** percent. Meanwhile, the housing sentiment in the country has declined dramatically since 2021. This can be explained with the many challenges first-time buyers face as they enter the housing market, including saving up for a down payment, finding a suitable property, or securing a mortgage.

Household characteristics, including household type, age group of the reference person (the person responsible for housing decisions), employment status of the reference person, visible minority status of the reference person, and degree of difficulty for the household to meet its financial needs, by tenure including first-time homebuyer status, Canada, provinces and territories, population centres, select census metropolitan areas (CMAs) and census agglomerations (CAs).

Source Time Coverage Basis Definition of FTHB FTHB Reported Share Median Age of Buyer NAR Survey July 2024-June 2025 ~6,100 responses Member Survey Self-identified 21% 59 Ginnie Mae +GSE RMBS Loan-Level July 2024-June 2025 ~2.4 Million Actual lending data 3-year no-ownership rule 62% NA Primary Residence Primary Residence Home Purchase Loans Home Purchase HMDA LAR Loan-Level 2024 ~3.1 Million Actual lending data No clear definition - by age cohort 40% 65% 1-4 Primary Residence Under 35 Under 45 Home Purchase Loans American Community Survey 1YR PUMS Latest in CensusVision ~3.54 Million addresses Annual national survey - focus on movers who own No clear definition - by age Age-based share 43 CPS ASEC PUMS 2025 ~95,000 Annual national survey No clear definition - by age Age-based share 42 Households - focus on movers who own

The aim of the survey was to collect comparable data on the attitudes and characteristics of a group of private tenants, and people of households which had recently moved out of the private rental sector and into home ownership. There are two data files, one for tenants and one for buyers containing variables for each household member on age, sex, marital status, occupational and employment status, highest level of schooling obtained and the number of minutes to work/school; capital assets; ownership of vehicles; membership of local organisations; voting in municipal elections; income; housing situation; housing attitudes; housing-related policy issues; and preferences for buying/renting. In addition, the buyers data file contains variables on house loans, cost of land, house rates and property insurance, and dwelling location rating; the tenants data file contains variables on tenancy conditions and tenant satisfaction.

Residents buyers who are persons that purchased a residential property in a market sale and filed their T1 tax return form, as well as total income, family total income, sale price, price-to-income ratio, and age, by the number of buyers, age group, first-time home buyer status, and buyer characteristics (sex, family type, immigration status, period of immigration, admission category).

Data on resident buyers who are persons that purchased a residential property in a market sale and filed their T1 tax return form: number of and incomes of residential property buyers, sale price, price-to-income ratio by the number of buyers as part of a sale, age groups, first-time home buyer status, buyer characteristics (sex, family type, immigration status, period of immigration, admission category).