Manchester Tops List of First-Time Buyer Hotspots in Britain
Halifax's analysis reveals affordable housing and strong job market make Manchester a prime location for new homeowners.
- Manchester leads with 75% of home purchases by first-time buyers, driven by economic growth and cultural attractions.
- Slough ranks second with 73%, benefiting from rail connections to London and a growing tech sector.
- Sandwell in the West Midlands also sees 73% of first-time buyers, attracted by low property prices and green spaces.
- Cardiff and Glasgow are top choices in Wales and Scotland, respectively, due to affordable housing options.
- Halifax's 'first-time buyer boost' allows eligible buyers to borrow up to 5.5 times their household income.