- Manchester has been identified by Lloyds as Britain's leading first-time buyer hotspot outside London, with 70.2 per cent of mortgaged home purchases in 2025 made by first-time buyers.
- The city's appeal is attributed to relatively affordable housing, strong job prospects, significant regeneration projects, and an efficient transport network.
- The average property price for first-time buyers in Manchester stands at £230,090, nearly £25,000 below the national average.
- Other significant hotspots include Sandwell in the West Midlands (69.7 per cent), Glasgow in Scotland (61.2 per cent), and Rhondda Cynon Taf in Wales (57.9 per cent).
- The report also notes that while major cities typically have the highest concentrations of first-time buyers, the fastest-growing markets are often found in smaller towns and rural areas, such as Worcester.
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