In 2024, the number of first-time home buyers in the UK increased by 19% compared to 2023, as reported by Halifax. The average age of first-time buyers in 2024 was 33 years, with a deposit of £61,090 for homes valued at an average of £311,034. Halifax anticipates modest house price growth in 2025; however, the imminent reductions in the stamp duty threshold could pose challenges for first-time buyers in the near future.