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The number of first-time homebuyers in the U.K. hit a new high last year.

Jan 12 2022

The number of first-time homebuyers in the U.K. hit a new high last year. Despite surging home prices and pandemic uncertainty, 2021’s first-time buyer transactions increased 35% over 2020, with 408,300 Britons buying their first home. Though the early days of COVID-19​ rocked the financial stability of many young Europeans, their money situations have been improving within the past year, with many refocusing their financial priorities on saving for major purchases. In fact, YPulse’s upcoming WE life milestones research shows that 35% of young Europeans say COVID-19 made homeownership more important to them, while saving for a home is one of Millennials’ top five personal goals this year. (The Guardian)