First-Time Buyers Wait Longer To Buy

20 May 2011, 10:14

The average age of a first time home-buyer in London is now 43.

That's according to new research, which found that nearly a third of people have given up trying to get on the property ladder at all.

Meantime separate figures reckon first-time buyers are putting down an average deposit of 17 per cent.

It comes as rents went back up to record highs last month.

That's being put down to demand from tenants as people are forced to put their plans on hold as they save up to buy a house.

Rental prices in London have gone up by nearly 8 per cent on a year ago.

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