First time buyers with budgets over £1 million

[Zimmertel]

How common is this in London?

Dd says that due to the price of property in central and inner London, a number of her work
colleagues are first time buyers looking at properties over £1mil. She’s looking at flats around £600k, which is the average house price there.

Her best friend is in finance, aged 26, earning near £200k a year before tax. The best friend’s partner is 28 and earns about the same if not more. They just bought a two bed in Zone 1 for £1.3mil. Their first home.

How common is this in London?

Oops didn't see it was a zombie thread, I was just idly thumbing through while making dinner

I can well believe it in central London. We sold my Dad's 2 bed flat in central last year and it was bought by a first time buyer at over £1M.

She was Chinese and her family are wealthy apparently. There were about 30 viewings and all the potential buyers were international, most of them seemed young by which I mean in their 20s or 30s.

Zombie