Owner Occupation and Private Renting

Published: 31/01/2020

After a decade of decline, the proportion of 25–34 year olds in owner occupation is now equal to the proportion in the private rented sector across England.

727,000 first-time buyers acquired keys to their first home in the year to March 2019. The average age of a first-time buyer is 32 years outside of London and 37 years in the capital.

On par with a year ago, 45% of all first-time buyers obtained a 30+ year mortgage. In 2018/2019, 85% used savings to help fund their deposit, up from 76% in the previous year.

Over the past year 43,000 first-time buyers benefitted from the Government’s Help to Buy Equity loan scheme available on new-build properties across England, with close to 1,500 using it across Wales.

Produced annually and first run in 1967, the English Housing Survey (EHS) is one of the longest standing government surveys and provides analysis on England’s households and homes.

Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email sales@willmotts.com or call 020 8222 9958