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Nine ways first-time homebuyers can slash spending and start saving fast

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

Property website Zoopla calculates nearly £150 billion-worth of home sales took place across the UK in the first 15 weeks 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 in March 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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