Skip to main content

First Time Buyers

Volume 463: debated on Monday 23 July 2007

To ask the Secretary of State for Communities and Local Government what estimate she has made of the average age of (a) males and (b) females, when they move out of the parental home; and what the average age of first time buyers in (i) Hampshire and (ii) England was in each year since 1997. (151039)

Data at the Hampshire level are unavailable due to sample sizes. The information for first time buyers is provided for the UK rather than England.

Based on the Survey of English Housing for 2005-06, the average age of males when leaving the parental home in England was estimated at 25 years. The average age for females in England was estimated at 22 years.

The Council of Mortgage Lenders (CML) figures for median age of first time buyers are available on their website at:

http://www.cml.org.uk/cml/filegrab/1ML2.xls?ref=4624

This is based on data from all mortgage completions in the UK and the data are presented in the following table:

Median age of first time buyer: UK

Age

1997

29

1998

29

1999

30

2000

30

2001

30

2002

31

2003

31

2004

31

2005

30

2006

29

Source: CML.