Rise expected in first-time buyer sales
The findings suggested there could be an increase in first-time buyer numbers this year, although it would still be from a low level.
– Martin Ellis, Halifax housing economistThis partly reflects the substantial improvement in home affordability for first-time buyers since 2007, following the fall in house prices over the period. However, the continued uncertainty over the outlook for the UK economy and the difficulties faced by many in raising the necessary deposit remain significant hurdles for those wishing to buy their first home.
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