First-time buyers have on average made just short of £55,000 on their homes over the last five years, according to research by Savills.
The 207,600 first-time buyers who bought in 2012 have a home now worth on average £212,866, and have accumulated £54,941 as a result of price rises.
Most of the accumulated equity is spread across those first-time buyers who bought in London. The next generation of first-time buyers are unlikely to see the same sharp rise in equity, Savills’ director of residential research, Lucian Cook, says.
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