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The return of the first time buyer

Getting ready to buy your first home? You are not alone. In fact, our new research has shown that first-time buyers are back with a bang.

When you’re doing something as major as buying your first property, it’s natural to feel a little overwhelmed. But, be reassured – you are far from alone.

In fact, first-time buyers accounted for more than a third (36%) of all property purchases in 2018, according to our analysis – and numbers are a whopping 85% up on 2010.

But while you might be part of a growing army, the more homework you can do as a first-time buyer, the better.

Our researchers have been crunching the numbers around the first time buyer market which we’ve matched up with some useful tips and information to help you in your foray into home-ownership.

The numbers every first-time buyer should know:
£220,000 – This is the average cost of a first-time buyer home according to our data. But, of course, it varies across the country.

Use our interactive map to see:

  • The average cost of a first-time buyer (FTB) home in your local authority
  • The household income required to get a mortgage
  • The average type of property that first-time buyers enquire about on Zoopla