FTB numbers at 20-year high
New research suggests that the number of first-time buyers has gone above 400,000 for the first time since before the Great Financial Crisis, according to data released by YBS.
Despite the uncertainties generated by the third lockdown in early 2021, the society's latest estimates suggest the number of first-time buyer transactions reached 408,379 during the year which is a 35% increase on 2020 (303,000). Furthermore, first-time buyers now represent 50% of all house purchases with a mortgage, up from 36% in 2007. To continue reading, please Click Here
Source: Property Reporter