Broadlands Partnership

Location is not always key for first time buyers

PropertyFirst time buyers are willing to buy on average around 26 minutes away from their preferred location, according to new research.

More than two thirds (70%) of those surveyed by the Post Office said that they would be willing to travel further to find their perfect home.

Sixteen per cent said they didn’t have to change their expectations when buying, while five per cent said they had compromised on a garden, and three per cent were flexible when it came to a property having a parking space.

Only 4 per cent of the first-time buyers questioned said they had taken on property that needed structural work.  

Ross Hooper-Nash, Managing Director of Jeffrey Ross, said: "The property market is still challenging for first time buyers and so it’s not surprising that many are willing to compromise on their commute, as well as the specifics of their first home.

Sometimes just getting your foot on the first rung of the property ladder is enough to help you build and know exactly what you want from a home."