First-time buyers 'on the increase'

Press Association


sold signs
sold signs

First-time home buyer numbers reached a five-year high in 2012, helped by improvements in affordability, a study has found.

However, the average age of a first-time buyer has increased to 30, from 29 a year ago, and the typical deposit required is 20%, compared with the deposit of around 10% put down in 2007, Halifax found.