'More Needs To Be Done' For FTBs

Worrying new figures released by Halifax have highlighted the struggle first-time-buyers in the UK are facing as they attempt to get their first foot on the property ladder. According to the lender, the cost challenge facing first-time buyers increased significantly over the last year, with growth in average purchase prices and deposits up sharply. The average price paid by a first-time buyer in the UK last year was £231,455, up by £18,252 (9%) from a year earlier (£213,203). London saw the biggest monetary increase in the price paid by first-time buyers over the last 12 months, up by £27,764 (7%). Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/property/more-needs-to-be-done-for-ftbs-as-costs-soar-over-the-past-year.html