Meaning of “first-time buyer” in the English Dictionary

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"first-time buyer" in British English

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first-time buyernoun [ C ]

uk /ˌfɜːst.taɪm ˈbaɪ.ər/ us /ˌfɝːst.taɪm ˈbaɪ.ɚ/

someone who is buying their own house or apartment for the first time, especially by borrowing money from a bank or similar organization

(Definition of “first-time buyer” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"first-time buyer" in Business English

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first-time buyernoun [ C ]

uk us

PROPERTY a person who is buying a house or apartment for the first time:

Mortgage payments for first-time buyers are around 35% of take-home pay.
First-time buyers are being priced out of the market.

(Definition of “first-time buyer” from the Cambridge Business English Dictionary © Cambridge University Press)