First Time Buyer Savings – Covid Insights

March 29, 2021

In January 2021 we reported on the two-speed first-time buyer market that had resulted from the Covid pandemic. As we prepare our Q1 2021 update, we wanted to build on this work and shed some further light on how first-time buyers have been saving for their deposit during this period.

Given the press commentary on the savings boom seen during Covid, we wanted to explore in more detail how Covid had impacted the first-time buyer community both in terms of savings levels and, more importantly, their ability to buy a property. 

The analysis in our report compares Q1 2020 to Q4 2020 and is based on data from around 11,500 first time buyers.

It is important to note that these may not be the same people rather it is a snapshot of the trends we were observing in those people engaging with the FirstHomeCoach App during these periods

Click here to read our full report