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OnTheMarket Plc

First-time buyer market share hits 1995 levels

The number of people buying their first home increased to the highest level since 2007 in H1, according to analysis of UK Finance data from Yorkshire Building Society.

Despite political and economic uncertainty in the first half of 2019, the number of first-time buyers reached 170,080, an increase of 3% on the same period last year and just 6% below pre-crisis levels.

First-time buyers now represent 52% of all home-buyers with a mortgage, the highest proportion since 1995.

OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.