Some 27% of people planning to buy a home in the next 12 months will be doing so for the first time – and statistically, most will be graduates.
The proportion is up from 23% a year ago, but is still well below the 40% seen pre-credit crunch, says Rightmove.
Of those intending to become first-time buyers, seven in ten are university educated – 39% have a degree and 30% a postgraduate degree.
Most (62%) of prospective first-time buyers are currently living with their parents.
The Rightmove research suggests that graduates are the most likely to have a larger deposit, and more likely to have parental assistance to help them buy.
Regardless of education, the biggest concern for all first-time buyers was raising the deposit (33%), followed by finding a suitable property (29%).
Rightmove took its data from 18,436 potential home buyers in England, Wales and Scotland in the first two weeks of July.
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Comments
I guess most of these graduates are waiting for a bargain when house prices go down a lot next year . They will bide their time while our economy goes to pot and rot