It takes FTBs longest to buy in Edinburgh

Michael Lloyd

October 8, 2019

First-time buyers in Edinburgh are the last to get onto the property ladder across the UK, online estate agent Nested has found.

Nested’s First-Time Buyers Age Index showed that house hunters are 30 when they buy their first home in the Scottish capital.

Sheffield sees the youngest first-time buyers, with an average age of 23.

Ben Bailey, a spokesperson at Nested, said: “Our inaugural First-Time Buyers Age Index provides a fascinating snapshot of today’s home-buying habits by revealing that house-hunters in the capital are getting on the property ladder at a younger age than many would imagine.

“Our research also highlighted that two thirds of Brits (67%) fear they’ll never be homeowners yet we’ve demonstrated that the average age of a first-time buyer in the UK is 27, which has remained unchanged in a generation.”

While London is often seen as a no-go-zone for first-time buyers, the city has emerged as having some of the youngest in the country with an average age of 26.

The research also found on average homebuyers expect to own and live in 2.5 properties throughout our lifetime.

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