Average age of first time buyer climbs to 34

The increase in the average age of first-time buyers to 34 underscores a growing divide between income growth and housing affordability. As property prices continue to soar, many potential buyers are forced to delay homeownership, which could have long-term implications for the housing market and economic stability. Policymakers may need to consider interventions to support first-time buyers, particularly in urban areas where housing costs are most prohibitive.