First Time Buyers

Department for Communities and Local Government written question – answered on 17th November 2015.

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Photo of Rupa Huq Rupa Huq Labour, Ealing Central and Acton

To ask the Secretary of State for Communities and Local Government, what estimate he has made of the projected average age of a first time buyer in 2020.

Photo of Brandon Lewis Brandon Lewis Minister of State (Communities and Local Government)

My Department does not produce forecasts of the average age of first time buyers.

The number of first time buyers is the highest for 7 years.

We are committed to turning Generation Rent into Generation Buy which is why this Government is committed to extending opportunities for homeownership. Since 2010, over 230,000 people have been helped to buy a home using government-backed schemes. The voluntary deal with the housing association sector means that 1.3 million housing association tenants will be given the Right to Buy.

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