Spoiler: Only if they split it with their cat and rent it on Airbnb twice a week.
🟢 At a Glance
UK house sales just hit their highest level in 4 years, according to Zoopla, Rightmove, and every other estate agent who’s suddenly smiling again.
But while homeownership is technically “up,” most millennials and Gen Zs are still asking:
“Do I buy this studio flat in Croydon or just move to Poland and start over?”
Yes, mortgage approvals are rising. Yes, prices are cooling.
But affordability? Still in ICU.
🏚️ Quick Stats That Will Make You Cry (May 2025)
| Metric | Value |
|---|
| Average UK Home Price | £283,000 |
| Avg London Price (Zone 2) | £530,000+ |
| Avg Mortgage Rate (5-year fixed) | 5.9% |
| Avg Deposit for First-Time Buyer | £67,000 |
| Avg Salary of First-Time Buyer | £32,000 |
Translation: You need two incomes, a rich aunt, and a mild gambling addiction to buy property now.
🧠 Why Are House Sales Rising?
1. 📉 Mortgage Rates Have Stabilized
- Post-BoE pause, banks are offering sub-6% fixed rates
- That’s “affordable” in 2025 terms
- But still double what your uncle paid in 2012
2. 🧊 House Prices Are Cooling
- Average prices are down 2–3% YoY in most regions
- London = flat
- Scotland = rising
- Northern Ireland = still cheaper than a Honda Civic
So people are rushing in thinking: “Bottom aa
