Manchester has become the first-time buyer capital of Britain, with 75% of home purchases made with a mortgage by first-time buyers, according to Halifax.
The research from Halifax indicates that increasing house prices in London are driving potential buyers to seek more affordable options farther afield, including Manchester.
With diverse housing options and a strong cultural scene, Manchester has seen its share of First-Time Buyers rise from 65% in 2020 to 75% in 2023.
The combination of affordable housing, robust job opportunities, and urban regeneration has turned Manchester into a prime destination for first-time buyers.
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