First-time buyer numbers hit a ten-year high

The number of people taking their first step on to the property ladder hit an 11 year high in 2017, according to trade association, UK Finance. Last year there were 365,000 first-time buyers in the UK – an increase of 7.4 per cent over the previous year and the highest number since 2006.

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The number of first time buyers getting onto the housing ladder hit the highest level in 12 years in 2018, according to the latest Mortgage Trends report from UK Finance. During 2018, 370,000 new first time buyer mortgages completed, which is 1.9% more than in the previous year.

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The number of first-time buyers has reached a 10-year high last year. According to Halifax, there were 335,750 first-time buyers in 2016, up 7.3 per cent on the year before, but still well below.

Number of First Time Buyers hits 10-year high January 16, 2017 / Isla MacFarlane In a welcome boost for housebuilders, the number of buyers getting on the housing ladder exceeded 300,000 for the third year in a row, thanks to low mortgage rates, high levels of employment and various government schemes.

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At the end of 2017, the number of first-time buyers soared to an impressive 359,000, data from high street lender Halifax suggests. The group’s latest First-time buyer review indicates that there has been a six per cent rise in the number of first-time buyers in the past 12 months, with the average first-time buyer home costing around 212,079.

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New figures from the National Association of Estate Agents (NAEA) show first-time buyers were responsible for 32 per cent of property purchases in the final month of 2016, up by ten per cent on.

According Halifax, the number of first-time buyers is estimated to have reached 335,750 in 2016. It is the third successive year first-time buyer numbers have totalled over 300,000 and it is the highest level since the start of the financial crisis in 2007.

"This is the first time we are doing this and we are over-the-moon excited," Hillmer said.. Housing starts hit 10-year first quarter high. which are needed for first-time home buyers. In.