"Manchester has emerged as Britain's leading first-time buyer hotspot outside London, according to analysis by a major mortgage lender. Lloyds Bank has found that 70.2 per cent of all purchases in Manchester were by first-time buyers in 2025, up from 67.2 per cent the year before. The banking giant's report highlights relatively affordable housing, high job prospects, significant regeneration projects, and a well-connected transport network as some of the main reasons for attracting younger buyers."
"While the average first-time buyer property in Manchester costs 230,090 nearly 25,000 less than the national average of 254,920 across Britain those stepping onto the property ladder in the city still face paying an average of 38,110 more than their counterparts in the wider North West region. The city is also home to a diverse range of property types, the report finds, including modern apartments in central districts to traditional terraced homes in its suburbs."
Manchester has become Britain's premier first-time buyer hotspot outside London, with 70.2% of all property purchases made by first-time buyers in 2025, up from 67.2% the previous year, according to Lloyds Bank analysis. The city attracts younger buyers through relatively affordable housing, strong job prospects, significant regeneration projects, and excellent transport connectivity. Average first-time buyer properties cost £230,090, approximately £25,000 below the national average of £254,920, though still £38,110 higher than properties in the wider North West region. Manchester offers diverse property types ranging from modern central apartments to traditional suburban terraced homes, supported by substantial economic growth and business investment in technology and finance sectors.
Read at www.independent.co.uk
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