CHANGING TIMES Huge rise in first-time buyer deposits revealed – as even types of homes Brits hunt for changes over 50 yearsTHESE computer-generated images show how much the average first-time buyer’s home has changed over the decades. But according to Yorkshire Building Society data that figure is now around £200,000. Now, flats are the most popular entry-level property, accounting for 28 per cent of all first-time homes. In the 1970s, 85 per cent of homes had a garden – but this dropped to just 66 per cent in the 2020s. “It just goes to further highlight the scale of the challenges today’s generation of first-time buyers must overcome now to get a look-in, despite being willing to compromise on quality-of-life aspects like having a garden.

Source: The Times July 30, 2024 15:10 UTC