It reveals that today's first-time buyers are more financially focused than those who bought before the credit crunch, but the economic turmoil has not dampened their desire to 'nest’ rather than 'invest'.
What the research found
First time buyers report
While 85% of those who bought in the last year said setting up home with their partner was their primary goal, at a time of national financial instability people are also looking at their homes as an opportunity to improve their finances.
The research of over 2,000 potential/existing first time buyers found that despite market conditions, 45% of first time buyers who bought in last year still believe property is good investment, whereas 50% of potential first time buyers agree with this sentiment.
Three out of four people who had yet to purchase their first property aspired to own their own home, suggesting that despite the economic environment more people than ever are looking towards bricks and mortar to provide them with certainty.