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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It’s no secret that the younger generation in Attleborough is finding it tough to get onto the property ladder. With the rising cost of living, stagnating wages, and stricter mortgage criteria, it's no surprise that fewer under-34s are becoming homeowners.