Buying a Home in 2021: Everything first-time buyers need to know

Buying a Home in 2021: Everything first-time buyers need to know

There is no denying that the ongoing pandemic has had a devastating and transformative effect on our lives and the economy. However, despite this, the UK property market has not only survived, it is flourishing.

At the time of writing, UK average house prices are higher than ever, with annual house price growth hitting 10.7% in June. But although property prices are seemingly on a never-ending upward trajectory, presenting some of the most challenging conditions for first-timers to enter the market, the latest budget announcement gave some great incentives for first-time buyers to finally get on the property ladder. So if you’re looking to purchase your first home, now could be a good time to buy.
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Despite the headlines, first-time buyers in Attleborough are not locked out of homeownership. When you look beyond prices and focus on monthly mortgage costs, affordability today is far better than many realise. The data challenges the doom narrative and shows that, while deposits are tough, buying a first home is still possible.