First-timers at a 10-year high

2nd February 2018

An estimated 359,000 people bought their first property in 2017, according to the latest Halifax First-Time Buyer Review, marking a 6% increase on the year before and the highest total since 2007. These buyers needed an average deposit of £33,339 - a 91% increase compared with a decade ago. Northern Ireland was the cheapest region, with a deposit of £17,636 and an average house price of £120,648, while average buyers in London needed a deposit of £112,604 and paid £422,580 for a home.

The Times (27/01/2018)