Tea Time Snippet: Understanding The Shifting Age Of First-Time Buyers In Thanet
15/08/2024 959
Understanding the Shifting Age of First-Time Buyers in Thanet

Understanding the Shifting Age of First-Time Buyers in Thanet

Cooke & Co - First-Time Buyers Age

For property owners and landlords in Thanet, 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 Thanet, 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.

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About Cooke & Co

Cooke & Co, established in 1992, offers estate agency services across Thanet, including Margate, Broadstairs, Ramsgate, and surrounding areas.

Contact us:

Visit our main website at www.cookeandco.com or email us at enquiry@cookeandco.com.

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