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U.K: First-time buyer shortage a concern, says Nationwide

Posted on 01 February 2013

A lack of first-time house buyers in the UK is a “cause for concern”, the Nationwide Building Society has said. Its comments came as it said house prices in January were unchanged from a year earlier, although they had risen by 0.5% compared with the month before.
It said that there were 20,000 first-time buyers a month now compared with 32,000 before the financial crisis. Housing charity Shelter said that rising rents were preventing people from saving to buy their own property………………………………………..Full Article: Source


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