First-Time Buyers Driving Demand for Forever Homes
New research from Barclays Property Insights has revealed encouraging signs for the housing market, with first-time buyers showing a growing appetite for ‘forever homes’.
Rather than simply stepping onto the property ladder, many buyers are taking a long-term view, choosing homes with space to grow into and features that support modern lifestyles.
Semi-detached properties are proving especially popular, now making up over a third of first-time purchases. Three-bedroom homes remain the top choice, accounting for nearly half of all purchases in August. Millennials in particular are planning ahead, with more than one in five buying homes that offer more bedrooms than they currently need, helping them avoid the costs of upsizing later.
The desire for space is shaping buyer preferences. Outdoor areas remain a key priority for Gen X and Millennials, while younger buyers are increasingly looking for dedicated home office space, reflecting evolving working habits. This shift highlights how buyers are not just thinking about the present but investing in homes that will serve them well into the future.
Confidence in the housing market is also showing signs of improvement, rebounding in August following a dip earlier in the summer. Encouragingly, more renters now believe homeownership is achievable within five years, suggesting demand will remain strong. With moderating inflation and the Bank of England’s supportive stance, the outlook for the property market is positive, even as buyers remain cost-conscious by exploring longer mortgage terms to keep payments manageable.
For homeowners considering selling, this is an excellent moment to act. With first-time buyers prioritising larger, long-term homes and confidence on the rise, demand is strong. Listing now ensures sellers are well placed to take advantage of motivated buyers seeking their forever home.
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