Has owning a home become an unattainable dream for the 365 Bexhill 28 year olds?

My parents bought their first house in the 1960’s, they were in their early 20’s. Interestingly, looking at some research by the Post Office from a few years ago, in the 1960’s the average age people bought their first house was 23. By the early 1970s, it had reached 27, rising to 28 in the early 1980’s.

This year alone, 365 people in Bexhill will turn 28 and 383 in 2017 and dare I say 365 in 2018 year in year the conveyor belt carries on where are the Bexhill youngsters going to live?

Ask a Bexhill ‘twenty something’ and they will say they do not expect to buy until they are in their mid thirties – seven years later than the 1980’s. Some people even say they will never be able to buy a property and the newspapers have labelled them ‘Generation Rent’ as they are people born in the 1980s who have no hope of getting on the property ladder.

One of the major problems facing young Bexhill people is the large deposit needed to get a mortgage or is it?

---

If you enjoyed reading this blog post feel free to subscribe so you are notified whenever a new post goes up.

Where to find us:

Website: https://redwell-estates.co.uk

Facebook: Redwell Estates