10% increase in first-timers V

29th July 2016

Halifax data shows that the number of first-time homebuyers rose 10% in the first six months of the year compared with the same period last year. The lender said an estimated 154,200 people entered the housing market in the first half, compared with 140,500 during the same period of 2015. The average first-time buyer home now costs £199,414 - a 12% increase compared with a year ago. Halifax figures also show that the deposit needed for a first-time buyer has increased by 14% in just over a year to £33,960.

The Times (23/07/2016)