Number of first-time buyers falls by a fifth as mortgage rates remain high

Challenges in the housing market have presented obstacles for many first time buyers in recent months

Despite this, the number of people entering the property market for the first time is 17 per cent higher than 10 years ago.

. Currently, the house price to income ratio for first time buyers has fallen from 5.8 in June last year, to 5.1 currently.

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