According to new research from The Property Reporter, the average age of buying your ‘forever home’ is 40 years, yet in London, the average age of buying your very first home is 38 years!
This is very worrying, considering the fact that so many young and bright students flock to the city with the hope of carving out a successful career.
The new data shows how the average age of first-time buyers is now 30 years. This means once across the UK, following a first step on the housing ladder, people are giving themselves just ten years to find their forever home.
The implications of this are highlighted by the fact 60% of homeowners expect to own more than one home before buying their forever home, whereas just 19% of tenants agree.
We’ve done our research and worked out exactly what first-time buyers and it’s our aim to encourage those in their twenties and thirties to get onto the London property ladder.
We’ve worked out that first-time buyers value newly furnished apartments in convenient areas which are close by to transport links. They also appreciate outdoor spaces and thrive with a community feeling. That is why Inspired creates areas such as sky gardens, cinema rooms, and residence lounges, and only use the latest designer appliances.
In addition, our apartments start at less than £200,000 and we have help to buy in place, which means that a London home could be yours with just a 5% deposit.
To find out more, contact our team on 0208 688 6552