First-Time Home Buyer Share Falls to Historic Low of 21%, Median Age Rises to All-Time High of 40
The share of first-time buyers in the market has contracted by 50% since 2007—right before the Great Recession. The implications for the housing market are staggering.
From left, Anthony Domathoti, HGAR 2022 President, Pedro Pereira, Portugal International Realty (PIR) CEO, and Richard Haggerty, HGAR CEO
HGAR’s Trade Mission delegation, enjoyed a luncheon alongside the Tagus River in Lisbon
Panoramic View of the city of Lisbon and Saint George’s Castle in the distance.
At right, Richard Haggerty, HGAR, CEO, Anthony Domathoti, HGAR 2022 President, Ana Avelar, Secretary General, APEMIP & Paulo Caiado, President, APEMIP