Halifax found that in Manchester, three-quarters of home purchases with a mortgage were made by first-time buyers last year, a significant increase from 2020.
With vibrant cultural offerings and ongoing urban regeneration, Manchester has become appealing for first-time buyers, boasting an average property price notably lower than other British regions.
The strong job market and affordable housing in Manchester have made it a prime location for first-time home buyers looking to invest in the city.
Apart from Manchester, Slough follows as another hotspot for first-time buyers, evidencing regional shifts in property buying patterns as younger buyers seek affordable homes.
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