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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.

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Scope widens for first-time buyers

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. The Halifax found:

  • Those taking their first step on the property ladder will find homes within their means in 54% of local authority districts
  • It's the highest proportion since 2002 when 64% of districts were within buyers' reach
  • The number is up from 40% a year ago

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