Halifax looked at mortgage approval data to calculate the findings, looking at the areas of Britain, excluding London, where first-time buyers account for the biggest proportions of home sales.
It estimated that in Manchester, first-time buyers accounted for three-quarters (75 per cent) of home purchases with a mortgage last year, up from just under two-thirds (65pc) in 2020.
With its music, arts and cultural scene, a vibrant shopping centre and leafy suburbs, Manchester has a wealth of attractions for people looking to move to the city. Halifax said that a combination of relatively affordable housing, a strong jobs market, transport links and ongoing urban regeneration make it an attractive location for many first-time buyers.
The average first-time buyer property price is £212,891, which is around £35,000 below the average across Britain - excluding London, according to Halifax.
Bu hikaye Manchester Evening News dergisinin September 03, 2024 sayısından alınmıştır.
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Bu hikaye Manchester Evening News dergisinin September 03, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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