No Refuge for the First-Time House Buyers ; Price Boom Makes the Lack of Affordable Homes a Nationwide Problem
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Summary
SOARING inflation in the housing market means that prices are now more than four times average earnings for first-time buyers across the country.
With prices racing ahead of wages, young adults are finding it increasingly difficult to raise the deposit or qualify for the loan they need to get on the property ladder.See the full content of this document
Extract
No Refuge for the First-Time House Buyers ; Price Boom Makes the Lack of Affordable Homes a Nationwide Problem
And for the first time, the average first-timer is paying stamp duty in every region in Britain, significantly adding to the cost of buying a home.
...See the full content of this document
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