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First-time buyers 'may only be able to purchase a home in their 30s'
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The comments of one housing expert could make gloomy reading for potential first-time buyers in their twenties.
Jane Marr, company director at the Little House Company, says that she expects the average age of this group of purchasers to rise over the next few years, so much so that many people in their twenties will not even consider owning a home.
"It will only become a realistic goal once in your thirties as your pay increases and you have had longer to save," she states.
Her comments come in response to data from Rightmove, which reveals that that proportion of first-time buyers looking to purchase a home has fallen to 25.8 per cent.
However, the study claims that in a healthy market approximately 40 per cent of all transactions should be accounted for by this group of buyers.
"It will only become a realistic goal once in your thirties as your pay increases and you have had longer to save," she states.
Her comments come in response to data from Rightmove, which reveals that that proportion of first-time buyers looking to purchase a home has fallen to 25.8 per cent.
However, the study claims that in a healthy market approximately 40 per cent of all transactions should be accounted for by this group of buyers.
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