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Bank of England house prices paper is grim reading for first-time buyers

Posted on 20 March 2012

The big story in the housing market during the Great Recession and its aftermath has been the absence of first-time buyers. That’s hardly surprising given that the days of 100% – and even in some cases 125% – mortgages are a thing of the past.
New entrants into the housing market now have to find a sizeable deposit to get a foot on the property ladder and building up a pot of savings (unless you have access to the bank of mum and dad) is a real slog, made even more difficult by falling real incomes and the need to pay off student debt………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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