Increases in the cost of daily living has not slowed down the group known as first time house buyers from completing their purchases. Although house prices have been rising year after year, first time buyers have remained resilient through it all and are still out buying their first home. They have actually reached the same buying level which they reached in the year 2006, one year before the economic crisis which crippled us all.

First time home buyers flexed their collective muscle during the month of June. Month on month, they increased the number of loans approved by more than 21%, to 36,000. Year on year, the number of purchases increased more than 5%, according to Connells Survey and Valuation. These figures surprised many housing experts due to the shear strength of their purchasing power.

These days, first time buyers are spending many days and nights looking and dreaming about their first home. Inflation and house price growth has made it quite difficult for them to consider making an offer on anything which will bring them out from under the roof of Mum and Dad. However, this group of first time buyers is finding a way, along with home deposits, to secure their first home.

First time buyers are where the future of UK housing resides. The ability of the group to reach the first rung on the property ladder goes a long way in creating a vision of what the short term and long term could look like. This wave of first timers is finding a way to overcome the challenges and barriers they face when searching for a new home. Economic conditions for the group are still tough, but through high employment and grit, they are achieving their goal.