Kevin McCloud’s advice for first-time buyers in the UK is ‘move to Germany’
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More first time buyers apply for a mortgage in April
The number of first-time buyers applying for a mortgage reached a five-year high in April, according to figures from market research group HDN. In total, 14,500 first-time buyers requested a mortgage last month, up 2,500 on the same period in 2023. The average amount they requested – €353,000 – was also a five-year high, HDN said. In total, buyers applied for some 45,000 mortgages in the fourth month of the year, a rise of 40% on 2023. National statistics office
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First-Time Buyer budgets climb by 20% in Edinburgh amidst battle to jump onto the housing ladder
Provided by leading new homes property website, newhomesforsale.co.uk, this latest data has revealed that the average budget for First-Time Buyers in Scotland’s Capital now stands at £295,445, being an 18.84% increase on the £248,617 budget recorded in Q1 2023. The website, which lists ten new build developments located in and around Edinburgh city centre, has also confirmed that First-Time Buyers have accumulated an average deposit of £30,590, being 10.35% of their target property purchase...
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Edinburgh for sale: Top floor two-bedroom Leith Links flat is perfect for first-time buyers
A fantastic opportunity has arisen to purchase this impressive top floor flat, forming part of a traditional tenement, currently available for offers over £220,000. This third-floor flat at 3/9 Blackie Road is well placed in the popular Leith Links district close to the city centre, excellent amenities, and commuter links. The property would undoubtedly appeal to first-time buyers, professionals and buy-to-let investors. For viewings, call Neilsons on 0131 253 2858 or book an appointment...