Half of FTBs delay buying a home due to COVID-19

The pandemic has caused nearly half (46%) of first-time buyers to delay their plans of purchasing a home by an average time of nearly a year, according to the latest research by Aldermore.

Aldermore’s First Time Buyer Index, which compiled a survey of 1,000 prospective first-time buyers, reveals that one in six (17%) have had a property sale fall through whilst one in five (20%) have said they pulled out of buying due to lockdown.

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Source: Property Wire

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