![First Home](/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMlZYVkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--06a6ca7c087018a3cf7bde5d9d2995dd37601626/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2QzNKbGMybDZaVWtpRGpFd01EQjROakF3UGdZN0JsUT0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--b15ec14b60a5e1d509ebc441e045aa2a607abeea/first%20home.png)
First-time home buyers are being put off new builds.
Between 2021 and 2023, there was a three-year decline in interest in new construction properties relative to older properties.
Why? Well, this could be due to them not already owning a property as well as all-time high mortgage rates: https://bit.ly/3w3M6FZ
#NewBuilds #UKHousingMarket #UKProperty