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Nine ways first-time homebuyers can reduce spending and start saving this summer

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property market has been booming over recent months and according to Office for National Statistics (ONS) figures, the average house price has increased by £20,000 this year.

Property website Zoopla calculates nearly £150 billion-worth of home sales took place across the UK in the first part of this year - a significant increase compared with 2020 and 2019.

And according to National Association of Estate Agents (NAEA) Propertymark, one in six (16%) homes sold went for over the original asking price, the highest proportion since 2014.

While this may be great news for existing homeowners, it makes life tougher for those trying to get their foot on the first rung of the property ladder.

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