First time buyers refusing to compromise their first home to last forever
Many aspiring first-time buyers may be looking to make their first home their forever home, by holding out for a family-sized house rather than starting off with a smaller property, research suggests.
Nearly a third (32%) of people are aiming to dig their heels in for a detached home when they purchase their first property, Yorkshire Building Society found.
And nearly half (49%) would consider a semi-detached house in their property search.
But less than a quarter (24%) of aspiring first-time buyers said they would be happy to end up with a studio or flat, the survey of more than 900 people expecting to buy in the next 12 months found.
Traditionally, people may have aimed for a larger family-sized home following several moves up the property ladder.
But with many...