First Time Buyers
The question
To ask the Secretary of State for Housing, Communities and Local Government, what information his Department holds on the average deposit paid by (a) all first time buyers and (b) first time buyers using shared ownership schemes in 2024.
Answered by Matthew Pennycook
According to the English Housing Survey, the average (mean) deposit of a first-time buyer in 2023-24 was £55,372 (£32,700 median). Further information can be found in the English Housing Survey statistical publication on gov.uk here.
In 2023-24, the mean cash deposit paid by first time buyers in England using shared ownership schemes sold through via private registered providers was £20,300 and the median cash deposit was £12,900. Figures for all shared ownership schemes sold through via private registered providers is available in Live Table 697.
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