Pandemic property party over for first-time buyers as numbers slide -10.6% in a year
Research by the Gradual Homeownership provider, Wayhome , has revealed that while the pandemic market boom saw a record increase in the number of first-time buyers (FTB) purchasing a home, the party could be over as this figure has fallen sharply over the last year.
Average FTB deposit cost soars in the last five years
Stipendium, the platform that simplifies life’s complex events such as home moving, has revealed that the average cost of a mortgage deposit on a first home has climbed by 54% in the last decade, pushing homeownership further out of reach for the nation’s first-time buyers.
