Growing North-South divide for first time buyers

The study by the Halifax shows a widening North-South divide. London is the only region where there were no affordable areas found for would-be buyers on average earnings. By contrast, 100% of districts in the North East were within buyers' grasp.

House prices have been holding up in London, which has had strong interest from overseas buyers
House prices have been holding up in London, which has had strong interest from overseas buyers Credit: Press Association

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First-time buyer housing boost

A new study has found the share of UK towns and cities that are affordable to first-time buyers is at its highest in a decade due to the sluggish housing market.