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
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