Bar­ratt’s Ocean liv­ing

The Press and Journal (North-East) - - PROPERTY -

Ac­cord­ing to re­cent re­search, to­day’s first-time buy­ers are likely to be in their 30s hav­ing spent sev­eral years sav­ing about £20,000 for a de­posit.

This strikes a stark con­trast with buy­ers in the 1960s who, on, av­er­age, took their first leap on to the lad­der at the ten­der age of 23.

In­deed, times have changed, and for many young house hunters, home own­er­ship may seem a dis­tant dream. How­ever, the lat­est records show that first­time buy­ers now ac­count for 50% of all trans­ac­tions – the high­est rate for more than a decade.

With thanks to schemes such as Help to Buy, as well as house­builders in­clud­ing Bar­ratt Homes, which works hard to pro­vide op­tions to suit all bud­gets in the com­mu­ni­ties it serves, home own­er­ship has be­come in­creas­ingly ac­ces­si­ble for younger buy­ers.

This is es­pe­cially the case in Aberdeen where Bar­ratt Homes,’ apart­ment de­vel­op­ments have at­tracted a flurry of young buy­ers seek­ing to se­cure their own piece of city liv­ing.

Boast­ing a range of one and two-bed­room apart­ments, Bar­ratt Homes’ Ocean de­vel­op­ment has proven es­pe­cially pop­u­lar, with around half of all pur­chased homes be­ing snapped up by buy­ers aged 21-34.

Just min­utes from city cen­tre restau­rants, shops and ameni­ties, this beach­side de­vel­op­ment ticks many boxes – great lo­ca­tion, flex­i­bil­ity and va­ri­ety.

So, whether a buyer is look­ing for the per­fect en­ter­tain­ing space for their friends and fam­ily, a spare room for a flat­mate, se­cure on­site park­ing or loads of space to work from home, study or hob­bies, Ocean could be the ideal choice.

Bar­ratt Homes is mar­ket­ing a range of apart­ment types at Ocean, in­clud­ing the Curlew, the Shear­wa­ter, the Sand­piper and the Kit­ti­wake, and all are on the mar­ket for un­der £200,000.

■ Visit­ /ab­erdeencity/H657601-Ocean

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.