Today’s First-Time Homebuyers Are Paying 191% More Than Their Parents Did
New research from My Home Move Conveyancing, the UK’s largest conveyancing services firm, reveals that even after adjusting for inflation, the cost of getting on the ladder today is 191% higher for the average first-time buyer versus what their parents would have paid in the ‘90’s, with the average earnings to house price ratio more than doubling from 4.0 in the 1990s to 8.1 today.